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APR 27, 2014 - Zero Hedge

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The Canadian Housing Bubble Puts Even The US To Shame

Since the bursting of the first US housing bubble in 2007, one of the primary explicit goals of the Fed has been to reflate the very same housing bubble (whose pop, together with the credit bubble, nearly wiped out the western financial system) as housing, far more than stocks, is instrumental to the "wealth effect" of the broader population (as opposed to just the 1%). Sadly for the Fed, instead of recovering previous highs, median housing prices (not to be confused with the ultraluxury high end where prices have never been higher) have stagnated and are now in the downward phase of the ... Read More

Tags: The Canadian Housing Bubble Puts Even The US To Shame,  Canadian Dollar Latest News