Dangers loom for Canadian housing market

Canada’s housing market is in “serious trouble,” according to a Business Insider report, citing analysis by Deutsche Bank chief international economist Torsten Sløk.

By Staff | January 8, 2015 | Last updated on January 8, 2015
1 min read

Canada’s housing market is in “serious trouble,” according to a Business Insider report citing analysis by Deutsche Bank chief international economist Torsten Sløk.

“Simply put, debt levels are very high, and with sky-high home prices cooling off, we could see pressure on the Canadian financial system and labor markets,” explains the report.

Read more, along with charts from Sløk’s slide deck.

Also read:

Housing to stabilize in 2015 as rates rise

5 tips to help real estate investors prepare for downturn

4 investment tips for 2015

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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