Danielle Park joined us today. Happy Days are here again or are they? The Case Schiller Index is almost back to where it was in 2006. While the housing sector has recovered somewhat, housing’s contribution to GDP is around half of where it was at its peak. Incomes and employment are still depressed so how high can it really go? In Canada they’re still at peak levels, but it shows signs of cracking. Will Canada repeat the US’s performance. Maybe now is not the time to be buying homes in Vancouver and elsewhere.
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