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Feb
28
It’s the doctor versus the governor in the ongoing debate over the direction of Canada’s housing market. On the pessimistic side there’s Nouriel Roubini, the man known as “Dr. Doom” for his pessimistic outlook on the global economy. He recently pinpointed Canada’s housing market as a bubble set to pop. Canada is in the company […]
Feb
28
By Brenda Bouw New homebuyers that need mortgage insurance before they can purchase that dream home will fork over more starting this spring. The Canada Mortgage and Housing Corp. (CMHC) said Friday it’s raising mortgage loan insurance premiums by an average of about 15 per cent starting May 1. The Crown Corporation said the impact […]
Feb
26
By Leah Schnurr and Deepti Govind (Reuters) – Canada’s housing market boom will fade out over the next three years and although analysts say prices won’t fall from record highs most are at least somewhat worried about the risk of a crash, a Reuters poll found. In the survey of 16 forecasters, eight said they […]
‘Dr. Doom’ warns Canada’s housing bubble about to burst
It’s the doctor versus the governor in the ongoing debate over the direction of Canada’s housing market. On the pessimistic side there’s Nouriel Roubini, the man known as “Dr. Doom” for his pessimistic outlook on the global economy. He recently pinpointed Canada’s housing market as a bubble set to pop. Canada is in the company […]