The Bank of Canada's collusion with the federal reserve criminal syndicate are responsible for our current predicament with ballooning home and auto prices. Low interest rate environments create huge inflation in big ticket items and the proof is in the charts for the last 15 years. Normal interest rates is what keeps a healthy society a float. It keeps big ticket items cheap, because people pay a yearly fee of whatever the interest rate is. Usually around 7 to 10 percent. Which make long term loans unfeasible. We have been sold slavery in the form of low interest rates. Not only do the costs of big ticket items skyrocket (see real estate, auto, art), but our savings earn less and less. Pensioners make no money on their savings and are made desperate. China is the land of intergenerational mortgages. Is that something you want here in Canada? Housing should be cheap and plentiful. It is cheap living now that allows people to save for retirement later.. Its called common sense. https://ca.finance.yahoo.com/news/know-apos-considering-mortgage-alternative-142302082.html