- Canadian are at unprecedented levels of debt – 150% over average income
- The Key Interest Rates are at artificially low levels –1%
- The price of housing is at 4.5 Times average income (11x in Vancouver), higher than the historical average mean of two to there.
- Federal and Provincial authorities are providing very low standards for credit application – CMHC 5% down payment
- Foreign Speculation into the housing market is at all time high –mainly from Asia
- Market sentiment are at very high levels
- Construction and Real-Estate industry accounts for approximately 30% of GDP
- Real –Estate rental and leasing jobs reached a peak in 2008 and has been declining ever since.
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