The Imminent Housing Crisis?
Is there a housing crisis brewing in Canada? Debt.ca spoke to six housing experts across Canada for their thoughts on what homeowners and renters can do to stay ahead of the game in the event of a housing crisis.
The objective of the article written by Steve Horton is to help Canadians keep their homes and weather a potential economic storm until the end of 2021. The article answers the following questions:
What steps can renters take to survive the end of moratoriums?
There’s also an equivalent mortgage payment deferral for homeowners that ended September 30. What can homeowners caught flat-footed by the COVID economy do to avoid losing their homes?
What could federal and provincial governments do differently to help homeowners and renters without hurting landlords and lenders?
How much potential is there that we could be facing another housing market crash now that the mortgage payment deferrals and eviction moratorium have ended?
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