Almost all of my friends are 100% or 99% invested in real estate.....
Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..
When it fails I am wondering if others think BTC and PMs will lift off.
If they are getting high rental yield, it really doesn't matter if the housing market correct up to 50%.
Yup, if you treat real estate market as somehow isolated from the rest of the economy.
Even if prices correct 25% it will be a huge blow to the economy. And the rental yield won't help as it will plunge as well. Y'know crisis, unemployment...
I have a bad feeling if the prices dip more than 10% all of the forigen buyers will sell to stop their losses... the amount of houses not owned by Canadians is not known thx to Criminal Harper.