Canada’s housing bubble: ‘Sliding down the slippery slope of hope’
Phillip Colmar is managing partner and global strategist at MRB Partners.
Canada is facing a massive housing bubble after more than two decades of cheap money and lax lending standards. And with a widespread affordability crisis, the country is now at an escalating risk of a housing bust. Many Canadians maintain hope for a soft landing, but higher mortgage rates and softening employment conditions are a lethal combination.
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