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When Canada’s housing bubble pops, it will cause misery and ruin

Summary by Ground News
Home prices have gone up by 375% in Canada in the last two decades. In Toronto and Vancouver prices have swelled by 450% and 490% respectively. The Bank of Canada is warning that a 'frenzy of real estate investment' combined with high levels of household debt could destabilize the economy.

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When Canada’s housing bubble pops, it will cause misery and ruin

The price of Canadian homes has increased faster than those of any other member of the OECD. Rising interest rates now threaten to bring the market crashing down, destroying the lives of millions in the process.

·Baltimore, United States
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  • 100% of the sources lean Left
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The Real News broke the news in Baltimore, United States on Monday, January 10, 2022.
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