Many people assume that China is somehow immune from a housing crisis because buyers typically put down large down-payments. This is bass-ackwards. China is far more susceptible to economic catastrophe specifically because it is the people, not the banks, that will suffer the most. A culture of savings is watching it disappear. Combine this massive destruction [...]

Inquiring minds are watching a superb interview with Max Keiser and Nicole “Stoneleigh” Foss regarding the Canadian Housing Bubble. The interview starts at 13:42.

Most Canadians, of course, believe that they are different because they have more sound lending practices than we Americans. They may, but that doesn’t mean they don’t also have a bubble. They aren’t different, just late to the party.

Canada’s housing bubble has not yet popped, though there is increasing talk of market slowdown and even price reductions. Check out this graph. Is Canada really different? Or are they, like China and Australia, simply late to the party?

Once you have decided on neighbourhood, it’s time to select a Realtor.