A recent report from TD Bank Financial Group predicts a pinch in existing home sales by mid-2011. Canadians have some of the highest leveraged households in the world, says the National Post, and this could negatively affect the housing market. Housing indebtedness has been on a “sharp and unsustainable climb” over the past few years. The debt-to-person disposable income ratio is at 144% in Canada.
September 17th, 2010