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.
Canadians, fasten your seat-belt. Here are the charts.
There are a lot of them. It’s called “crisis” for a reason.
Liquidate, close all stores, lay off 12,000 people. Brick & mortar meltdown.