A recent Bloomberg article provided a view of the deteriorating condition of the Canadian housing market. It's dire and in my opinion will get worse because the economy is being pushed to the edge by the Covid-19 coronavirus crisis. Housing crises are slow-motion train wrecks, so don't expect the pain to be immediately obvious, like in the stock market. While this might seem to make it more manageable, it actually extends the economic pain. If you are unfamiliar with what a housing-led economic implosion looks like, you should brush up on what happened to the US after 2006 and Canada after 1989.
11 Signs Canada Housing On Verge of Collapse
11 Signs Canada Housing On Verge of Collapse
11 Signs Canada Housing On Verge of Collapse
A recent Bloomberg article provided a view of the deteriorating condition of the Canadian housing market. It's dire and in my opinion will get worse because the economy is being pushed to the edge by the Covid-19 coronavirus crisis. Housing crises are slow-motion train wrecks, so don't expect the pain to be immediately obvious, like in the stock market. While this might seem to make it more manageable, it actually extends the economic pain. If you are unfamiliar with what a housing-led economic implosion looks like, you should brush up on what happened to the US after 2006 and Canada after 1989.