“All of that negative news has put a downer on consumer sentiment.”
Unsold new condos spike to all-time record. Industry in denial.
Millennials, immigrants are “plankton” in the “food chain” for “big wales and sharks.”
Even “Second-Time Buyers” can’t afford to buy without help from mom & dad.
But prices in Vancouver and Toronto to continue rising “over the next few months.”
Layoffs and the collapse of oil exact their pound of flesh.
Just when oil collapsed, housing stumbled, and layoffs began.
Gravity inconveniently inserts itself into a phenomenal boom.
The floodgates opened in December.
What ratings agency Fitch and the Bank of Canada had warned about has come to pass.