Canada’s Real Estate Bubble has BURST: Recession Coming – David Rosenberg

Real Estate
#CanadianRealEstate #BankofCanada #CanadaEconomy

Canada’s real estate bubble has burst, and with the negative wealth effect hurting sentiment, David Rosenberg says its time to brace for the “economic hit.” With $1.6 trillion in estimated losses, from peak to trough, RBC says the housing-boom in Canadian wealth is over.


David Rosenberg: Canada’s housing bubble has burst — now brace yourself for the economic hit:

Proof Point: The housing-charged boom in Canadian net wealth is over:

Home price ‘chill,’ weaker financial markets lead to $900B Q2 loss in net wealth; largest on record: RBC:

Kevin Carmichael: Why Tiff Macklem is willing to risk a recession to crush inflation:

Recession in Canada ‘probable’ next year, ex-Bank of Canada governor Mark Carney says:

Recession in Canada ‘probable’ next year, ex-Bank of Canada governor Mark Carney says


Bank of Canada Survey Reveals More Institutions Expect Financial Shock Soon:

With average prices up another 14%, Swiss bank UBS warns of housing bubbles in Canada:

Canadian consumers power 5.4% annualized growth:

Policy interest rate:

Tiff Macklem says he’s not backing down on rate hikes, even as recession fears grow:

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