[UFO]

Originally Posted by Hehe

Over 16% of Canadian disagrees. :

Nearly one in six Canadians could not handle $500 increase in mortgage payment: Poll | Metro News

And that's on a 300k mortgage. Given Vancouver's 1M+ average price, it takes much less increase on interest rate to reach $500.

That article is also based on interest rate jump from 2.75% up to 5.75%, a more than double rate jump. Given the current landscape, this will take years to accomplish, IF it can even get up there.

So the level of sensationalism in that article is just a bit reaching, not far off from the plane and bus loads full of cash in their suitcases Asian overseas buyers IMO.