Should Canadians be worried about a potential housing meltdown?
Article by Matt Smith, June 17, 2015
While the sharp collapse in oil prices is set to have a marked short-term impact on Canada’s economy, it is the looming threat of a housing crash that worries policy makers the most. Not only would it wipe out the wealth of many Canadians, but the ripple effects would be felt across the economy and threaten the stability of Canada’s financial system.
While a spectacular housing market collapse followed by the meltdown of Canada’s financial system is unlikely, it does raise a number of questions for investors, including how they can hedge against this risk.
Now what?
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