Monthly Archives: September 2022

Synchronous global housing downturn

This segment offers a good overview of the global housing downturn. Rather than thinking of it as a housing “crash” though, realists can see it as an inevitable mean reversion cycle following a massive speculative bubble. Home Prices across America … Continue reading

Posted in Main Page | Comments Off on Synchronous global housing downturn

Mortgage stress is international saga

Recent Canadian mortgage data compiled by the Bank of Montreal gives a glimpse at the rate of change afoot for many Canadian property owners: Some 20% of all Canadian mortgages outstanding ($260 billion) are variable rate loans taken out near … Continue reading

Posted in Main Page | Comments Off on Mortgage stress is international saga

Desjardins: Canada the most debt sensitive economy in the world

Canada comes into this global downturn with a world-leading real estate bubble (property values accounting for some two-thirds of household net worth) and record-private debt levels at a whopping $7 trillion (households and businesses) in an economy tracking about $2.6 … Continue reading

Posted in Main Page | Comments Off on Desjardins: Canada the most debt sensitive economy in the world