For those who would like some reading...
Further evidence our concerns about real estate, CMHC and a looming collapse are finally going mainstream. From yesterday's Globe and Mail, 'Easy credit, soaring prices raise new housing fears'.
- "Canadians are buying homes at a blistering pace, binging on new debt. But all that cheap money can come at a high cost... Central bankers in the U.S. and elsewhere [have] indicated in recent months that once they decide it's time to begin raising interest rates, they may do so at a faster pace than consumers and investors are used to... [Meanwhile] novice buyers are jumping into surging real estate markets in Vancouver, Calgary and Toronto with little understanding that the value of the asset they covet can disintegrate."
Click 'comments' below to contribute to this post.