Average home price fell for first time since 2008, largest decline in the data going back to 2001.
A big shift, at a cost of $3.8 billion – which it now has to borrow.
We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for inflation.
It’s not pretty.
No recovery for the oil industry in Alberta.
A cashless society could have “adverse collective outcomes.”
Beyond prohibition, it’s an ag business with no barriers to entry.
Home-equity-loan balances in Canada per capita are now 3.3 times what they were in the US during HELOC peak before it all collapsed.
What will the Bank of Canada do?
Cash extraction at the peak of a long housing bubble, via multiple mortgages on the same property: Does that ring a bell?