RE:RE:RE:Inflation I cannot understand all this griping about "high" interest ratest.
Fresh out of school when trying, and finally bought my first house, CMHC could abbrove an NHA morthage at 6&1/2 percent per annum, if you could prove that you did not really need a mortgage.
This whole BOAC fiasco happened because the availability of CHEEP MONEY , around 1-2 percent.
The party is over, now it is time to pay the pipers, I am afraid.
This may last for longer than any of the "EXPERTS" in Ottawa think.
So, keep your powder dry people.