As we are hearing more and more media reports about the Canadian housing market and it’s rapid growth, should we be concerned that it is becoming unsustainable? What can happen if there is a shock to the system due to higher interest rates or loss of income? I enclose an excellent video from Investment Strategist James Dutkiewicz of Sentry Investments who was a guest on BNN.
As always if you have any questions do not hesitate to contact me. Alternatively, if you know of someone who may be interested in this note, feel free to forward the information.