SubscriptionsGo to the Subscriptions Centre to manage your:My ProfileThere is a risk that Canada will fall into an Ottawa sinkhole of debt, and worse, there is a serious danger that Canadians will tumble in without having understood the hazard. But there is something the Bank of Canada could do about it.As we saw on Thursday, Bank of Canada governor Stephen Poloz appears terrified of disturbing our economic road built on inflated house prices and unsustainable debt. Poloz repeatedly said he is not predicting a real estate downturn, just that “the risk, whatever it is, is growing.”House price increases in Vancouver, Toronto likely unsustainableBill Morneau promises ‘deep dive’ into housing bubbleAs Canadian personal debt keeps bouncing higher, the question is whether individuals signing on the dotted line for enormous loans actually realize what they are getting into.Evidence from Newfoundland and Labrador http://www.canadagoose7.com/, where house prices have begun to fall just as other costs are rising and job markets weaken, indicates that Canadians really don’t understand the dangerous downside of overwhelming debt.A sign advertising a long planned condo project in downtown St.
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