Is the Housing ‘Bubble’ Bound to Burst

The Province

Fresh signs from the Bank of Canada that interest rates will stay lower for longer…See full story on this topic »

Bubble talk re-ignites debate about what’s next for Vancouver housing market

The boom in Canadian real estate has “resulted in the largest rises in house prices ever seen in Canada,” the firm says. “And the trigger of an increase in the Bank of Canada’s trendsetting interest rates could result in a 25-per-cent drop in property values.”

Read more: http://www.vancouversun.com/business/Bubble+talk+ignites+debate+about+what+next+Vancouver+housing+market/5026729/story.html#ixzz1RAGNkHV3

Bubble talk re-ignites debate about what’s next for Vancouver housing market

Bubble talk re-ignites debate about what’s next for Vancouver housing market

The boom in Canadian real estate has “resulted in the largest rises in house prices ever seen in Canada,” the firm says. “And the trigger of an increase in the Bank of Canada’s trendsetting interest rates could result in a 25-per-cent drop in property values.”

Read more: http://www.vancouversun.com/business/Bubble+talk+ignites+debate+about+what+next+Vancouver+housing+market/5026729/story.html#ixzz1QmekpvQ9

Bubble talk re-ignites debate about what’s next for Vancouver housing market

Many don’t know if they could make higher mortgage payments: poll

Nearly 20 per cent of Canadians don’t know if they’ll be able to make their mortgage payments if interest rates increase, according to a poll released Thursday by Bank of Montreal – disturbing findings given that BMO expects the Bank of Canada to raise its benchmark rate by at least one per cent by the end of the year.

Read more: http://www.montrealgazette.com/business/Many+know+they+could+make+higher+mortgage+payments+poll/4357745/story.html#ixzz1FMwMISQ9

Many don’t know if they could make higher mortgage payments: poll

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