Canada’s housing market is in “serious trouble,” according to a Business Insider report, citing analysis by Deutsche Bank chief international economist Torsten Sløk.
Canada’s housing market is in “serious trouble,” according to a Business Insider report citing analysis by Deutsche Bank chief international economist Torsten Sløk.
“Simply put, debt levels are very high, and with sky-high home prices cooling off, we could see pressure on the Canadian financial system and labor markets,” explains the report.
Read more, along with charts from Sløk’s slide deck.
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