Canada’s household debt crisis is spiralling out of control — and nobody’s talking about it. With over $2.9 trillion in household debt, Canadians are now spending 17 cents of every dollar just to cover interest. Mortgages are resetting, credit lines are maxed out, and families are suffocating under higher payments. For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
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Canada’s household debt crisis is spiralling out of control — and nobody’s talking about it. With over $2.9 trillion in household debt, Canadians are now spending 17 cents of every dollar just to cover interest. Mortgages are resetting, credit lines are maxed out, and families are suffocating under higher payments. For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Nationalizing Rent: How Canada Killed the Dream of Home Ownership
The Wise Old Owl Podcast
7 minutes
2 months ago
Nationalizing Rent: How Canada Killed the Dream of Home Ownership
Canada’s “housing boom” is a scam. We’re not building homes for families — we’re building rentals for corporations. In Toronto, over 80% of new builds are purpose-built rentals. CMHC is backing billions for landlords, while first-time buyers are locked out and priced out. This isn’t just bad policy… it’s generational theft. If we keep replacing homeownership with rentals, we’re locking in a future where equity, stability, and the middle class disappear. Here’s why the system is rigged, how it...
The Wise Old Owl Podcast
Canada’s household debt crisis is spiralling out of control — and nobody’s talking about it. With over $2.9 trillion in household debt, Canadians are now spending 17 cents of every dollar just to cover interest. Mortgages are resetting, credit lines are maxed out, and families are suffocating under higher payments. For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
