They're not rich. There's no fixed 30 year mortgage in Canada, only 5 year fixed. They're screwed. They're middle class, anxiously looking at the interest rates and holding on to jobs they hate to stay afloat.
Canada is a slowly failing state. Its economy is gutted and distorted. Renters in Canada aren't middle class. They're poor: its just that the country has become poor.
Canada is a slowly failing state. Its economy is gutted and distorted. Renters in Canada aren't middle class. They're poor: its just that the country has become poor.