Re: The Elusive Canadian Housing Bubble
- Credit is still very cheap (bond market interest rates, from which mortgages are priced, are just on the cusp of starting to rise).
- House lust remains coded in the national DNA, like some sort of genetic defect (I was at a Grey Cup party on the weekend where one of my neighbours cornered me and started to explain "the right way to buy condos for investment"...in Calgary no less)
- All three federal political parties campaigned with varying policies to further goose the market; we'll see what The Kid does once he finishes his "Selfie Tour" to Paris this week (and after putting his two nannies on the taxpayer account).
Originally posted by santafe2
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- House lust remains coded in the national DNA, like some sort of genetic defect (I was at a Grey Cup party on the weekend where one of my neighbours cornered me and started to explain "the right way to buy condos for investment"...in Calgary no less)
- All three federal political parties campaigned with varying policies to further goose the market; we'll see what The Kid does once he finishes his "Selfie Tour" to Paris this week (and after putting his two nannies on the taxpayer account).
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