Canadians’ personal debt again their homes tapering? That would be ridiculous!
The magnificent house price bubble wheezes.
Big Six Banks’ out-of-control “Mobile Mortgage Specialists” on commission.
Prices of detached houses plunge C$207,000 in 12 months as sales collapse.
Homeowners who bought a year ago are down C$110,000 on average.
Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates.
Or will China’s waning appetite for US Treasuries cause a disruption in the Treasury market?
Three possibilities come to mind.
How exposed are over-indebted household to rising interest rates?
The Canadian Housing & Debt Bubble ascends to the next level of risk.