Home Prices In Greedless Canada Rebounding
Keep telling yourself that the financial crisis of 2008 had nothing to do with Fannie Mae, Freddie Mac, the Community Reinvestment Act and government's "affordable housing" crusade. It was all about those greedy bankers, those greedy US bankers, because there is no greed among bankers in places like Canada.
posted by Donny Baseball at 11:48 AM
1 Comments:
As a completely unqualified Canadian college dropout, I would like to say that I believe the Canadian housing market is in a bubble.
Just because it didn't pop at the same time as the one in the US doesn't mean it doesn't exist.
It will be interesting to see what happens when interest rates finally go up.
Rather then spend $400k on a decent igloo in Edmonton, I am going to wait and see.
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