The landlords, who are identified only by the initials S.O. and K.O., argued they had good reason to expect the rate would remain low when they purchased the property. The Bank of Canada had kept its interest rate low for more than decade, as part of the government's effort to stimulate the economy following the 2008 recession.
… in 2021? We were in the middle of a global pandemic, economy was already starting to show signs of stress, and a nationwide property values had shot up 25% YoY. How did they even manage to make the argument that anyone in their right mind would expect interest rates to remain low until the end of their term?!
Interesting. Personally, it doesn’t kill my desire to drink when I do decide to go on a bender. If anything, for me it gets easier to drink when there’s weed involved, as I just don’t enjoy most alcoholic beverages, taste wise. However, since access to weed got easier and I don’t have to hide anymore, when the occasion to get a buzz happens, I just prefer the weed high to being drunk, and I can skip the hangover.