2012-09-05 — doctorhousingbubble.com
The Canadian housing bubble is reaching a ripe apex. Arguments justifying current home values are familiar to those in the US with a tiny twist obviously. But if you look at one important criteria, debt-to-personal income the US reached a peak at 125%. Obviously we know how that story ended with now 5 years of painful deleveraging. But today as we write this, the debt-to-personal income ratio in Canada is nearing 145%
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