Housing Hotbed Offers Rest of World a Correction-or-Crash Test
This article from Bloomberg may be of interest to subscribers. Here is a section:
The Canadian 10-year yield appears to have reached a near-term peak in the region of 3.5%. The rate is coming back towards the trend mean so this will be a significant region to test whether demand dominance has returned beyond short-term steadying.
Household debt to personal income of 154% supports the view Canadian households are highly leveraged. It also suggests Canada’s central bank is not in a position to be cavalier in how quickly they rates.
Brookfield Asset Management, one of the most storied alternative investors in the world, is currently pausing below the 200-day MA.