Leading up to the subprime crisis, Canadian real estate seemed rather unfazed throughout. Mortgage lending rules were tightened temporarily and the central bank eased. The housing just continued upward. Comparing to the U.S, it seems that Canada is FAR more expensive in many ways, paving the way for a crisis of unavoidable fundamentals.
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In This Episode:
Leading up to the subprime crisis, Canadian real estate seemed rather unfazed throughout. Mortgage lending rules were tightened temporarily and the central bank eased. The housing just continued upward. Comparing to the U.S, it seems that Canada is FAR more expensive in many ways, paving the way for a crisis of unavoidable fundamentals.
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