Government announces 30 year amortizations for insured mortgages to put homeownership in reach for Millennials and Gen Z
pipsqueak1984 @ northmaple1984 @lemmy.ca Posts 79Comments 241Joined 1 yr. ago
pipsqueak1984 @ northmaple1984 @lemmy.ca
Posts
79
Comments
241
Joined
1 yr. ago
Many construction materials aren't only affected by the Canadian economy, we are a very small part of it even if the material is produced here (ex. if it's more profitable to export why would a company sell locally?). If global demand goes up prices here go up regardless of the situation.
Also, that money you've made isn't real "made" until you sell, it's an unrealised gain.