Relevant:
- Canadian housing bubble goes into full mania mode -- Canadian debt-to-personal income ratio near 145% while US at peak of the housing bubble was at 125%.
- The Most Splendid Housing Bubbles in Canada Deflate | Wolf Street
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2016-08-21 — wolfstreet.com
``This gives Canadian households one of the highest debt-to-income ratios in the world. The ratio started soaring relentlessly 15 years ago, supporting the housing boom that barely took a breather during the Financial Crisis -- a boom that now has turned into one of the globe's most phenomenal and riskiest housing bubbles.''
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