Canadian house prices have more than tripled over the last 25 years.
Canada and Australia face the greatest mortgage default risk among advanced economies, primarily due to high household debt levels and a significant share of borrowing at floating interest rates.
This video explains why the situation has become critical and why the government is very unlikely to take any step to fix it.
Canada and Australia face the greatest mortgage default risk among advanced economies, primarily due to high household debt levels and a significant share of borrowing at floating interest rates.
This video explains why the situation has become critical and why the government is very unlikely to take any step to fix it.