And, as unpleasant as it may be, many mortgage holders have the option of extending the amortisation period of their mortgages to admittedly barely tenable lengths, but at least they are still able to protect their assets and keep a roof over their heads, while tenants are slowly being priced into the poor house.

In many parts of Canada, during the last few years, the pricing of housing was exacerbated by existing homeowners investing in rental properties, to the detriment of potential first-time buyers. These investors have been driving up the price of rentals with the intent of making the profit from their investment which they believe they are entitled to (apparently risk was never factored into their investment strategy), something only possible thanks to the feds ensuring that a million or more new renters are streaming into the county every year.