kEiThZ
Superstar
I imagine the next step will be the BoC swapping newly minted bailout cash for distressed mortgages like the U.S. Fed is already doing for their banks' toxic assets.
Americans are increasingly facilitating 40 yr mortgages:
https://www.bloomberg.com/opinion/a...40-year-mortgage-a-wise-choice-for-homebuyers
I don't think you'll see things getting better in Canada. The government has made a bet. They've bet that young people don't vote and that old people don't care about the young. And I don't think they are wrong.