While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
It’s natural to assume that a downturn in the property market is good news for people who’ve been priced out of the market. In practice, they might still not be able to buy a home.
Low-income women suffer evictions and violence in Canada’s most “livable” cities.
A whole bunch of folks are on the wire, and if their housing payments go up they are going to struggle.