Politics and science, humor and hypocrisy. METANOODLE
Saturday, 26 July 2014
Your house isn't your RSP. Canadian house prices still heading for a fall.
Look at the chart. Canada has out-of-line house prices. Until the rent you can get for the money invested in your house is pretty close to what it costs to buy and look after that house, the price is an un-popped bubble. A house is an investment after all, not a pilgrimage to Mecca. The US has gone through a correction. Canada hasn't.