I saw something the other week about the Canadian home situation. From what I remember, they don’t handle home buying the same way as the U.S. does. They don’t have 30 year fixed mortgages then you own your home once it’s paid off. They have adjustable rate mortgages that change all the time and constantly get renewed, so your payment can change drastically and you can’t ever pay it off.
Thanks, wasn’t sure I remembered it correctly.