Home prices had risen dramatically in Toronto, Vancouver, San Francisco, Hong Kong, London, and many other cities. All of this has been fueled by low interest rates. We see debt rising. We see credit card debt at the highest on record. Mortgage debt destroying people. And guess what? There’s no way out of this mess.
San Francisco’s Median House Price Hits a New High: $1.6 Million – Bloomberg
Toronto home prices see biggest drop in almost 30 years | Financial Post
Interest rate hikes are going to pinch this province hardest — and it’s not who you think it is | Financial Post
Homeowners Ditch Refinancings as Mortgage Rates Rise