Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

May 6, 2020 | CBC’s Front Burner ‘Too Big to Fail’: COVID-19 and Canadian Real Estate

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Levered speculation in Canadian real estate fuelled the economic and asset price boom from 2008 to 2018, just as the tech sector drove the 1995 to 2000 expansion, and commodities, subprime debt and US home prices the 2003-07 expansion.  These prior bubbles (and centuries more of them) ended in asset drops of 50 to 80% along with a surge in bankruptcies and capital shortfalls.  This time is unlikely to be different.

Yesterday’s edition of CBC’s podcast Front Burner examines the prospects in ‘Too big to fail’: COVID-19 and Canadian real estate.

Here is a direct audio link.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

May 6th, 2020

Posted In: Juggling Dynamite

Previous: «

Post a Comment:

Your email address will not be published.

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.