/biz/ - Business & Finance

Here is another bubble that's busting in Canuck land. In 2008, somehow we avoided a collapse of our housing market and our market exploded thanks to cheap credit and foreign investor speculation. It is turning now and some houses have lost 20% y/y.

Basically we have the US housing bubble in Canada and it is much bigger. Millennial were basically priced out of the market and had 0 chance to afford housing.