Canada, Australia & the US – One of these things is not like the others
As we enter 2018 with Australian housing markets weakening according to Corelogic, it bears considering the risks that may be inherent in the housing and mortgage markets.
The link to this post compares the Canadian, Australian and US housing markets and reveals some concerning statistics. Comparing these markets could be quite insightful as both Canada and Australia are resource commodity export dominated economies that have had large house price and credit growth increases over the last decade. The US comparison makes sense due to their house price crash in 2007,8 and 9.
The powerpoint presentation is by a US based hedge fund and may show a little bias but the numbers produced make compelling reading.
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