martin14 martin14:
Just in time for the bubble to burst.
Another fail for Hudak coming up soon.
I was thinking the same thing, the bubble can't go on for another year. 17% increase in homes in Toronto. That's unsustainable by any measure, in a province that just lost the most jobs in the entire country.
When rates go up CMHC is going to be on the hook for a great deal of defaults. many mortgage holders will own a home "under water" as they say in the good 'ol US of A. It will be a very precarious situation.
The only thing maintaining this bubble has been the lack of growth and development in Canada for nearly a decade which has kept rates at historic low for a historic amount of time.
Hudak may have some reasonable fiscal ideas but he is a politician. Nowadays that is a bad word in Canada which doesnt garner much respect.
CKA Uber 
