How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent?
Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up.
Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
“The high household debt load is the most important risk facing the financial system.”
Vancouver has tiny uptick after 14 declines. Toronto dips below July 2017 peak. Victoria ekes out high. Calgary, Edmonton stuck below oil-boom peaks years ago. Quebec City flat 6 years. Montreal ticks down from high…
Vancouver house price bubble deflates 14th month in a row. Toronto matches 2017 peak. Calgary, Edmonton beaten up by oil bust. Quebec City flat for 6 years. Montreal, Ottawa hit new highs.
House prices in Toronto still below 2017 peak. Montreal, Ottawa hit new highs. Quebec City about flat with Jun 2013. Edmonton back to Oct 2007. Calgary rises to March 2014 level.
Vancouver sags. Calgary, Edmonton down from many years ago. Toronto rises but below 2017 peak. Montreal, Ottawa hit new highs.
Oh dear, Vancouver, Calgary, Edmonton, and Winnipeg. But there are some warm-spots too.
But it’s curing a housing crisis where middle-class households are priced out of a market, inflated by rampant international speculation and large-scale money laundering, says BC’s Finance Minister.