RE:RE:catastrophe in the making. 70 percent of people surveyed.. If they were hard cold data driven fact i'd believe it. These are surveys so i'd take it with a grain of salt. If i had participated in the survey and have a mortgage, i'd say the same "dont raise the low interest rates cuz I can't afford it" but what i am really saying is "please keep the interest rate low so i can make more money. I guess if 72% of the borrowers are raising the alarm bell, i think the Canadian government should acknowledge that and keep the interest rate low for another maybe 10 years or at least until the majority of the borrowers say their household debt is more manageable?
Dube the home building industry is primarily a cash industry. I am pretty sure they only disclose a portion of their income.