Could a US Housing Bust Happen in Canada?

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!

http://www.realestateinvestingincanada.com/files/housing-market-is-fine.pdf

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.

Catherine Ta

Catherine Ta

Affiliated Real Estate Agent
CENTURY 21 Vantage Realty Ltd.
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