Surveillance: Rate Cuts with Peterson
Bloomberg Surveillance
00:00
The Importance of Liquidity in the Real Estate Market
Canadian property prices have gone up 400% incomes arising in line with the rest of the world. If those house prices come back to normal on any measure versus history, you're going to have bad debts in Canada. It's not just a Canadian story; there are issues or pockets of issues in the Scandinavian countries and other areas where there also is an affordability problem.
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