1/6 homeowners in Canada own 4 or more properties.
HELOCs have been used to draw equity from primary residences to buy investment properties on speculation.
Short CAD
— thereal_potatohead (@DM69693644) August 5, 2022
BREAKING: Canada lost 30,600 jobs in July vs. est. 15,000 increase
— Margot Rubin (@margot_rubin) August 5, 2022
Those with more than four mortgages jumped 17.5%.
at least they've done stress tests… pic.twitter.com/y2c3MrJrRY
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 5, 2022