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Aug 30, 2023 · An analyst who describes Canada as sitting on one of 'the largest housing bubbles of all time' warns that if it bursts, the country could be thrown into a deeper recession than forecasted.
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The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present (with short periods of falling prices in 2008, 2017, and 2022) which some observers have called a real estate bubble.
Nov 12, 2022 · Does the 49 per cent decline in sales constitute a burst bubble? Consider that the ultra-low interest rates introduced earlier in the pandemic fuelled sales growth such that relative to 2019, 60,000 more homes were sold in 2020 and more than 170,000 were sold in 2021 in Canada.
It will also destroy a lot of jobs, even ones that are not in real estate or adjacent. Wish if you will, but a lot of people who are flippant about the impact are naive about how far the shock wave will ripple. Many are effectively cheering their own demise.
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Nov 14, 2023 · A real estate bubble occurs when property prices soar to unsustainable levels, driven by speculative buying and excessive demand. This exponential upward trend is often dictated by factors...
