In Canada at least, primary residences are capital-gains exempt. Mortgage payments are typically almost constant with respect to interest rates, because the mo

In Canada at least, primary residences are capital-gains exempt. Mortgage payments are typically almost constant with respect to interest rates, because the monthly payment is what tends to climb to whatever value the market will bear. Instead, the home value itself goes up and down inversely with rates, such that the monthly payment remains approximately unaffected by a rate cut.