Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets

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Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets Those with average to poor credit may have to look a little harder and pay a higher rate for a personal loan.

If it is 8% or 10%, it’s a major mortgage crisis. This is what the Bank of Canada is facing: Trying to tamp down on inflation by raising rates more than a tiny wee-bit could conjure up all kinds of problems. And not doing anything about inflation could too.

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Despite persistent and false claims to the contrary, what happened in the US can happen in Canada and Australia. Read. Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.

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They see a bubble about. sort of shock” to the housing market, Aiken said — something unlikely to happen as long as the supply of homes remains tight in Vancouver and Toronto, which limits the.

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Over the years, the meme spread that the US mortgage crisis happened because people could legally just walk away from their mortgages because banks could not pursue homeowners beyond recovering the collateral. Much of the commentary on why a US-style mortgage crisis cannot happen in Canada or Australia is based on this. And this is wrong.

Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets Despite persistent and false memes to the contrary.

Bravery. Numbers 13:20 – How is the land, is it fat or lean? Are there trees in it or not? Make an effort then to get some of the fruit of the land. Now the time was the time of the first ripe grapes.