economy

Is the Canadian housing bubble about to burst?
Money & Career

Is the Canadian housing bubble about to burst?

If you believe this report by TD Economics, Canadian home prices are set to drop by just over 10 percent in the next two years. What does a 10-percent drop look like? A quick bit of math shows that if you bought a house last month for $350,000 it would be worth $35,000 less by 2013 — a loss in value of $17,500 for each of the two years.

Chatelaine

2 minutes
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