Thanks to a reader who recently sent me a link to the Canadian Housing Price Charts blog site. This is a good source for up to date data on Canadian housing, interest rates and other asset price trends. Bottom line: Canada is historically over-valued in several key markets. See this Major Cities Chart. A reversion back to the mean could mean a 25% decline in the areas that have rallied strongly over the past year.
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Cory’s Chart Corner
Load MoreGreat insight from @EconguyRosie
The spike in Umich consumer inflation expectations is nothing more than a misnomer. The problem is that it is taking place at a time when the working class is losing bargaining power at an alarming rate. Fully 67% of households see higher unemployment over the coming year (was…
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