Follow
____________________________
Monthly Archives: May 2017
Canada’s housing bubble driven by lax lending and domestic speculation
David Madani, senior Canadian economist at Capital Economics joins BNN for reaction to the latest Toronto housing data. As new listings see double-digit increases and sales dip in April, he says people might be getting concerned about the frothiness in … Continue reading
Posted in Main Page
Comments Off on Canada’s housing bubble driven by lax lending and domestic speculation
Supersized mortgages impaling Canadian households
Many Canadians are indebted to try and afford their lifestyle, others have been counseled by self-serving sales people to borrow money to ‘invest’. At the end of each cycle, asset prices mean revert but the debts remain. Scott Terrio, estate … Continue reading
Posted in Main Page
Comments Off on Supersized mortgages impaling Canadian households
Peak auto debt now driving defaults
As in 2007-08, achieving peak auto sales this cycle has been a reckless, financially destructive chapter for the masses, and right on cue, the inevitable default phase has begun with losses coming back on financiers once more. Trustee in Bankruptcy, … Continue reading
Posted in Main Page
Comments Off on Peak auto debt now driving defaults
;
