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51% of Canadians $200 away from not making ends meet
(www.bnnbloomberg.ca)
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this post was submitted on 18 Oct 2023
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First it was an entire paycheck away, and now $200... next level is pretty much only able to survive because their credit card still has room on it.
Pretty grim.
Just wait until all the people who got their mortgages at 1-2% start coming up for renewal at 6-7% next year.
Why on earth would anyone sign an ARM when rates were lower than at any previous point in history?
Wow, that's ridiculous! So you have no idea what your mortgage is going to be from semi-decade to the next. Fucking crazy.