Canada v US Housing

The Cleveland Fed has written why it believes Canada's housing market did not collapse the way America's did.  They conclude that it was because lending standards were not as lax in Canada as they were in America, and financial "innovation" had not been adopted in Canada to the same extent as it had been south of the border, though that may have been because Canada tends to adopt innovation a few years after the States, and thus Canada may have been somewhat "lucky" in that the US market collapsed before Canada could fully adopt American financial "innovation."

I expand on why I believe Canada's housing market has behaved differently than America's here.

Average rating
(0 votes)