Canada has been taken for a ride by Kinder Morgan.
The Price of Easy Money, Low Interest Rates, and Debt Bubbles: Wolf Richter with Jim Goddard on This Week in Money.
These Canadians are in a “highly vulnerable” position.
Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months.
Canadians’ personal debt against 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.