Don’t Compare the Canadian Housing Market Today to the US Market of 2008

Our Sales and Marketing Manager, Shane Styles, was working in the US around the time the housing market imploded there. He has a good understanding of what was happening in the US before the housing collapse and get’s frustrated when he sees articles comparing our current Canadian housing market to the US around 2008. He spotted this editorial in the Vancouver Sun today that helps put it in perspective.

Editorial: Household Debt Headlines Don’t Tell The Whole Story¬†

The headlines this week were on the verge of hysteria: Household debt surpasses levels foreshadowing U.S. housing bust. Canadian household debt hits new high. Canadian household debt much higher than…Read more