During the Covid Era?
You mean Q4 of 2008- Q3 2021?
Excuse me, you are talking about Canada, where they have to refinance every 5 years.
Yeah, i'm used to Canada's system, every 5, many people purchasing in Ontario and Vancouver, our high population density areas obviously at all time historic low rates. Sub 2% on 7 figure homes for average families.
Just piss poor stress testing systems in Canada allowing people to get mortgages like rates were never going to go up again.
Finally a green day! Short term bottom or dead cat bounce? Still feel a fair amount of uncertainty, could just be a technical bounce from oversold.
Its all over the place, looks like its reversing again, all over the place.
I don't have access to the lower level data to see what happened with that spike.
This post was edited by SBD on Apr 7 2025 08:42am