March 28, 2012
Is Canada Headed For a US-style Sub-Prime Mortgage Crisis?
RateHub is incredibly excited to be announcing the launch of our first infographic: Is Canada Headed For a US-style Sub-Prime Mortgage Crisis?
With housing market crash predictions dominating the media headlines lately we wanted to visually showcase how the Canadian housing market differs from the US at the height of the mortgage crisis. Our infographic outlines Canada’s risk factors – high housing prices, ultra-low interest rates, record levels of household debt and low income growth – but also outlines the regulatory differences that shield Canada from the magnitude of housing bubble and crash that occurred in the American market.
CANADIAN HOUSING MARKET WILL COOL, NOT CRASH
[hint: click on the infographic to see a larger image]