DearSummer
Banned
But, with low interest rates, sustainability shouldn't be an issue. Government will not raise rates. They make way too much money from the real estate boom to create a "crash".
With thinking like this being widespread, I am very confident that we are in a bubble right now. Blanket statements like "goverment will not raise rates" are simply insane and show that reason left this market a long time ago.
The government doesn't set rates. The BoC does. The BoC has a sole mandate to control inflation. In reality, our rates will follow the Fed rates. Legislators in Canada have no control over interest rates nor does the BoC practically speaking.