Comments on: OECD: Expect A ‘Disorderly’ Housing Correction In Toronto and Vancouver

By: Clayton

Clayton — Wed, 28 Dec 2016 21:27:36 +0000

The ‘rest of Canada’ means Alberta which has taken huge hits to the economy because of the NDP. So the comparison to Vancouver and Toronto is really no comparison.

By: Mike

Mike — Sun, 04 Dec 2016 14:40:51 +0000

In reply to Tommy. Ultra low interest rates have the unintended consequence of out of control inflation. Either inflation goes up, or currency continues to get devalued. In the latter scenario, all Canadians pay for the minority of homeowners that purchased at the top of the market.

By: Tommy

Tommy — Sat, 03 Dec 2016 02:53:28 +0000

Interest rates have gone up… more like inched up. All major economies are struggling so interest rates will remain at record lows here and abroad for many years to come.

Therefore, it would take a hit to the job market that would cause a crash or correction. That could happen.

By: Marc

Marc — Fri, 02 Dec 2016 18:19:33 +0000

In reply to Dave. They're Canadians, it'll be really orderly. They'll line up and say thanks for the homes being depreciated.

By: Dave

Dave — Fri, 02 Dec 2016 18:18:46 +0000

Disorderly will be an understatement.