Professor Vivek Dehejia speaks to Reuters about the economic pain that Canadians still feel even as rates are starting to come down.
Here is a quote from the article:
Vivek Dehejia, an associate professor of economics at Carleton University, said renters, a category that comprises two out of every five Canadians, were also feeling the strain.
Landlords, themselves burdened with high mortgage payments, are raising rents for their tenants, who in turn are taking on more debt to meet other obligations, he said. That cycle is not likely to ease any time soon, he said.
You can read the full article on the Reuter’s website here.