Opinion: Canada’s housing bubble: ‘Sliding down the slippery slope of hope’ ...Middle East

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Open this photo in gallery: The ratio of home prices-to-household incomes surged to historical extremes last year, underscoring how expensive housing has become. The Bank of Canada’s housing affordability index has also deteriorated markedly because of both sky-high home prices and the recent surge in mortgage rates.Fred Lum/The Globe and Mail Phillip Colmar is managing partner and global strategist at MRB Partners. Canada is facing a massive housing bubble after more than two decades of cheap money and lax lending standards. And with a widespread affordability crisis, the country is now at an escalating risk of a housing bust. Many Canadians maintain hope for a soft landing, but high

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Opinion: Canada’s housing bubble: ‘Sliding down the slippery slope of hope’ ...Middle East

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