RBC Brutal return to normal in Ontario chills Canada housing market

[Matt Crowley]

http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/housespecial-jul17.pdf

 

[Thomas Beyer]

As expected after a 30-40% price rise. Most markets will continue to rise albeit more tepidly due to government induced headwinds on interest rates, taxes, regs, currency, mortgage qualification .. more down and lower cash on cash returns going forward !

 

[Matt Crowley]

Yes... so clearly overcooked. Every box checked for a bubble and while dumb money is touting a "new normal".

“Those who do not remember the past are condemned to repeat it.”
― Benjamin Graham, The Intelligent Investor

^ My favorite investment book.