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Canadian economy ‘vulnerable’ to overheated housing market, IMF warns

Canada’s average home price is about 10 per cent higher than models suggest it should be, posing a “vulnerability” to the country’s economic outlook, the International Monetary Fund warns in a new report.

A drop in prices would be a blow to already highly indebted consumers. With household debt at record levels of about 150 per cent of disposable income, the domestic spending boom that helped Canada weather the financial crisis already is at its limits. View homes for sale in Vancouver. Read the story »

Buying A Foreclosed Property In Richmond

The process: buying a foreclosed property in RichmondRichmond condos foreclosed Read the story »

Canadian economy ‘vulnerable’ to overheated housing market, IMF warns

Canada’s average home price is about 10 per cent higher than models suggest it should be, posing a “vulnerability” to the country’s economic outlook, the International Monetary Fund warns in a new report.

A drop in prices would be a blow to already highly indebted consumers. With household debt at record levels of about 150 per cent of disposable income, the domestic spending boom that helped Canada weather the financial crisis already is at its limits. View homes for sale in Vancouver. Read the story »