Canadian Housing & Mortgage Investment Corporations – Time To Worry?

Jon Alternative Media, Blogosphere, Corporate, Economy, Real Estate

Authored by James Price, Shane Obata and Richardson GMP, via Valuewalk.com,
The Canadian housing market has done extremely well for a very long time. As such, many people expect the trend to continue. That said, there are major vulnerabilities in the Canadian economy that pose a threat to the housing market’s continued success. In the following report we will examine the economy, the financial position of households, the housing market and the risks facing it. Lastly, we will analyze the mortgage market and Mortgage Investment Corporations (MICs). We are not convinced that the housing market is about to crash. Nonetheless, we remain extremely cautious.
Canadian Housing & Mortgage Investment Corporations – Overview
2015 was a rough year for Canada as falling commodities, specifically oil, filtered through to the rest of the economy. In real terms, GDP has been almost flat since late 2014 – shortly after oil started its long decline.

This post was published at Zero Hedge on 03/11/2016 –.