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Housing Bubbles and ‘Wealthier’ Canadians

  • Written by Syndicated Publisher No Comments Comments
    July 23, 2012

    I fear they’ve set themselves up for an even bigger disappointment north of the border than we had in the U.S. a few years back as teetering home prices in Canada are raising alarm bells far and wide after someone did a calculation showing that the average net worth of Canadians passed that of the U.S.

    But, the data behind the chart below from this item at Bloomberg played a key role.

    Canada Housing Bubble

    There was a segment about this on the Colbert Report yesterday and, as you might expect, they had some fun with attributing the development to “a fiscally conservative form of socialism” up there.

    Images: Flickr (licence attribution)

    About The Author – Tim Iacono

    This is not your typical financial blog, accompanied by some run-of-the-mill investment newsletter, and Tim is not your typical financial writer.

    Tim has spent his entire working career as an engineer before retiring back in 2007 at the tender young age of 46. Two years prior to that in 2005 he started writing a blog – The Mess That Greenspan Made – mostly just to poke fun at the housing bubble and the policy makers who had led us down that path. Details about his investment newsletter and information about the performance of the associated “model portfolio” can be found here and if there are any questions that I can help answer, just send mail to tim@iaconoresearch.com.

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