FYI: fter seeing countless stories and statistics on the Canadian housing market I did some research to check things out for myself. The numbers I found are staggering. They make the U.S. housing bubble that led up to the financial crisis look like an amateur. I don’t throw around the word ‘bubble’ loosely but the Canadian housing numbers are insane.
After writing this piece for Bloomberg I received by far the biggest reader response for anything I’ve ever written. I heard some good arguments as to why I am wrong as well as some not-so-good ones. There are always caveats to everything and I heard many about this piece. Some are true while others are a stretch. I was told I’m both right on the money and an idiot for calling this a bubble. Time will tell, I guess…
Regards,
Ted
http://awealthofcommonsense.com/2017/08/the-canadian-housing-market-is-bananas/
