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Canadian Real Estate Debt Cancelled?
Most real estate in canada is bought on credit, especially if you're in a british columbia. Professor hudson says we should still pay mortgages for the actual amount it costs to make our housing,. But there's all this other stuff that drives up the prices of real estate inCanadians. So those dollars for the land are what we take off the mortgage. The mortgage should cover the actual cost of your house, not the market hipe for it.