Population and Housing

[danbrotherston]

Seems like a bit of a headline grab IMO.
I’m sure many will be unable to afford rising rates, but 1 in 4 is a bit much.
They also conveniently didn’t give any details of how this “survey” was conducted such as method, sample size, demographics, etc.

Pretty much.  I also didn't see a qualification on how much rates will go up. You can make that number 100% of mortgage holders if you want, just by putting an absurd number on rates.

FWIW...I do think we are in a precarious position where raising rates will be painful for a lot of people. I don't fault them entirely, but I do think it was foolish. When I went to the bank for a mortgage for my first home they told me how much I could borrow and I was like...umm...no.

That being said, that amount they quoted me wouldn't buy the average home in KW today so...