Last year started off with a big nervous question: Will
the Canadian housing market crash?
Not exact matches
The Conservatives could get away with this as long as the
Canadian economy fared better than the rest of the world, with relatively low unemployment, relatively high wages and no sign of the
housing market crash that doomsayers» predicted.
Analysts say U.S. hedge funds, expecting the
Canadian housing market to
crash, at times short the stock.
Flaherty wished «bad luck» to any big U.S. hedge funds betting short - selling the
Canadian market in the belief the
housing market will
crash, in hopes of making a profit.
Canadians might remember former Bank of Canada Governor Mark Carney for his repeated assurances that the overvalued
Canadian housing market could come off its unprecedented highs without
crashing.
When I hear this quote, I think of the current bubble in the
Canadian housing market and it's similarities to the
crash of» 08.
A more serious question now: while the
Canadian housing market is too small to precipitate the world wide financial meltdown that the American
housing crash did, would it not be prudent to set aside some cash so that should the TSX make a precipitous drop due to our own home grown
housing meltdown...
Our gut feeling on the
Canadian housing market is that it is a speculative and frothy mess that is about to come
crashing down.
So, even if the
Canadian housing market were to
crash by 20 % to 40 %,
Canadian household equity ratios would remain strong — decreasing to a low of 56.7 % and a high of 67.5 %.
House prices have remained a «bedrock of value» for
Canadians over the past year, despite a steady flood of gloomy media headlines about the slowing
Canadian economy, the volatility of the world's stock
markets, and the United States»
housing crash and credit crisis, according to a national survey by Century 21 Canada brokers.
But another report, by Jim MacGee of the C.D. Howe institute, concludes that
Canadian housing policies have done a good job to ensure that a U.S. - style
housing market crash is not likely to happen here.