EXPECTED: FORECLOSURES of houses because of rise of INTEREST RATE

Because of the Bank of Canada's rise in interest rate, foreclosures of house are expected as home buyers barely made the acceptable mark for mortgage loan.

Home buyers will have to sell their houses , and go into rental unit where monthly rental relentlessly keep increasing without any consideration to, regardless of , the tenant and his ability to pay.

It is presumed that many home buyers have CHILDREN.

And that is what a house is for : FOR THE CHILDREN, so they may have the space to grow, not just to make a profit in a short time which is GREED.

"The big four Canadian banks ,( RBC, TD, CIBC and BMO) , each raised their prime lending rates to 3.95 per cent from 3.70 per cent, effective Thursday " October 25th 2018.