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The Canadian Real Estate Resale Market Might Be Slower
The Real Estate Market Is Strong
“The resale market might be a little bit lower, but the overall housing market is strong,” Bolger said.
They’re using standard deviations to determine insolvency on mortgages; When LTV’s are high there are more defaults.
They can’t buy homes when they are in default.
It’s my job that there is liquidity.
I don’t want to see insolvencies, I want to see them make $16M.
For that to happen the sale market has to be really high.
That means the Federal Reserve printing more money.
Outgoing Federal Reserve Chair Janet Yellen says they are high.