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I think it's messed up that Canadian banks will allow new immigrants to take out mortgages on new housing purchases without a job in Canada.. My aunt is moving back to Canada after living in China for the last 15 years, she and her husband purchased a 500k apartment for herself and was able to get a 300k mortgage without employment since her husband was considered a new immigrant. She'll eventually pay it off once she sells her china property but this is what's jacking up the housing market so much to a point where locals can't afford to live in Vancouver anymore. I know at least a dozen people that paid 2 million cash and took out a 3 million mortgage at 2-3% to purchase a 5 million dollar Vancouver house, then took the 3 million and put it in a Chinese bank's term deposit to get back 5% interest. Free money, great for banks and the person with enough funds to do this but it really fucks over the working class in Vancouver... But what can you do, when a game gets popular, better and more skilled players will come. Either learn to play with them or move on to another game...
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yolo
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