Canadian Real Estate Downturn 2012
Since 2008, Canada’s ratio of debt to after-tax income has exploded. By Q3, 2011, Canadians owed an average of $1.53 for every dollar they brought in, up 40 per cent in the past 10 years and just below where the U.S. was before its housing crash. Steve Martell, a real estate investment expert, ellaborates further.
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