Could a US Housing Bust Happen in Canada?
The question that is on a lot of peoples minds these days. See the link below and find out!
No time to read it? Well in short: It doesn't look like it. The main reason for the collapse is due to the number of mortgage defaults as the banks loaned money to anyone and everyone. The increase in sub-prime mortgages was staggering compared to Canada where it was limited. Therefore, we are not seeing the collapse.