Canada Economics

Canada Economics Update

2 May, 2017

Home Capital Group won’t trigger housing bust

The financial difficulties at alternative mortgage lender Home Capital Group (HCG) don’t necessarily mark the end of the housing boom, since it is too small to matter. But with signs that the housing bubble has already begun to burst in Vancouver and the much larger Toronto housing market only lagging behind, we still fear that a major housing correction and a broader economic slowdown are coming soon.

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