I am pre-approved for 7 figure mortgage if I want one. 1.43% guaranteed until June 1st. I calculated that if I buy a house at 800,000 , put 25% down (200K), I then do not have to purchase mortgage insurance in Canada (CMHC guidelines), and the 600K amortized over 25 years , biweekly payments are a little under $1100 every 2 weeks. I would have the money invested, making in an average year , net 12%, so the interest on my investment will pay the mortgage and more, and I hold onto the principal. There are a lot of baby boomers and DINKS (double income no kids) around who would easily fall into the same category, so money is cheap, and I want to move into a nicer home , and I have nothing else to spend my money on in times of the pandemic. Housing will remain a hot market as long as these factors are in play. Had another place I was looking at sell for 90K over listing price. Driving me nuts. If there was any kind of inflationary pressure, ie. interest rates going up into the 4 or 5% range, that would be catastrophic to a lot of people, with mortgages going up 50% or more from current.