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I guess it's more of have someone pay part of your mtg for next few years until you need it. Then capital appreciation. Smaller mtg and build equity.
Yes historically rates were low but with all the money printing, hand outs and debt, North America can't afford high rates. Higher rates = gov spend more money that they don't have. At 5% there are paying billions in debt repayment, more than what they spend on us, building houses, health care or education. So literally the gov has no choice but to lower rates cuz it fucks them over too.
Just like the dumbass friend that you have. That is eyeball deep in debt. Owes more debt that his annual income. Raising rates or keeping rates high will not benefit him, neither will giving him more debt, credit cards.
Welcome to Canada new immigrants
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