Slowing Canada’s housing market

Aside from a baffling reverence for curling – surely the oddest sport in the world – Canadians and Australians are stunningly similar. Both countries share a Commonwealth history, a large landmass, small populations and abundant natural resources.  And both came through the GFC with banking systems intact and reputations enhanced. Like Australia, Canada routinely faces warnings that house prices are a bubble waiting to burst. That’s contentious. What is clear, however, is domestic banking oligopolies have grown rich lending against property in both countries. If house prices fall as they have elsewhere in the world, a genuine banking crisis is...

Aside from a baffling reverence for curling – surely the oddest sport in the world – Canadians and Australians are stunningly similar. Both countries share a Commonwealth history, a large landmass, small populations and abundant natural resources.  And both came through the GFC with banking systems intact and reputations enhanced.

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