Housing slowdown to worsen, cost 150,000 jobs, mortgage group says Canada’s housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report. As new home sales slow, jobs disappear The bread […]
Canada’s Housing Market Will Correct ‘Into Mid-Decade’ – Single-digit cut in real estate prices expected
Canada’s Housing Market Will Correct ‘Into Mid-Decade’: Scotiabank Canadian housing prices are at risk of falling over the next few years, driven by global economic weakness and softness in key condo markets, a Scotiabank economist said Friday. Scotiabank sees risk of single-digit cut in real estate prices by mid-decade Canadian housing prices are at risk […]
Canada Housing Bubble – Yea Or Nay ?
Homeowners pawns in housing debate Canadian households are on the verge of financial ruin. We’re up to our eyeballs in debt, and even our cute little houses with the white picket fences are about to crumble to dust in a U.S. style meltdown. Then again; maybe not. A debate on the financial health of the […]
Everything you need to know about Canada’s housing ‘bubble’
Canada avoided many of the mistakes that the U.S. made in its housing market. Banking regulations and lending standards have been much tighter, and that has prevented prices from getting completely out of control. However, top economists including Robert Shiller and David Rosenberg are increasingly sounding alarms that the Canadian housing market is the next bubble and its about […]