Tuesday 11 June 2013

Americans, British say Canada is a Bubble

The only people who debate whether or not there is a housing bubble in Canada are the Canadians themselves. In the meantime, the rest of the world has already made their conclusions.

British financial magazine Money Week says: - "there is no question about it - Canadian property is in a bubble." But what would a British financial magazine know about Canadian real estate? They may not know much per se, but they know a thing or two about housing bubbles since they recently experienced a bubble burst of their own.

Additionally,  American Business Insider calls a 123% increase in Canadian housing prices between 2000 and now simply "ridiculous". Furthermore it states that Canadian housing is "crazy overvalued". OECD would certainly agree with them. Business Insider also provided this lovely chart:

household debt to income ratio canada vs usa

Canadians are now more indebted than ever before. Anyone who says that the future is bright for Canada needs a reality check. We are all now prisoners of the low interest rates because if/when they rise they will do a lot of damage to the people's wallets.


The information presented on this website is purely for entertainment purposes and should not be considered as an investment advice or any kind of advice at all. Statistics presented on this site are not guaranteed to be accurate, and there could be errors in the information presented on this site. However authors do try to present information as accurately as possible. The opinions of the authors and commentators are just that, opinions! Please always make up your own mind about things in life, and never take things for granted, including on this site. Hope you have a great day!

Contact Me

You can reach the authors of this site by emailing to: torontocondobubble (at) gmail.com Authors of this website try to cite all their information sources to the best of their abilities. If for some reason you believe we infringed on your copyright, please email us and we will fix it as soon as possible!

Privacy Policy

Please familiarize yourself with our Privacy Policy