I don't think Bank of Canada can actually control the housing market, especially when it is already overvalued.In the short term soft landing can help relieve the destructive momentum built up over past years, but cannot resolve fundamental economic problems. BTW, the CA$ is also over valued and it would benefit Candian exports and job opportunities if further depreciated.
-newbornbaby(anan);
2009-5-11{265}(#5257896@0)
home ownership 不等于mortgage付清了
-budongbudong(梦想中奖);
2009-5-12(#5258388@0)
文章转错了,在这。This means that Canadian homeowners have about $1.93 trillion in home equity, which amounts to 72.3 per cent of the total value of their homes, said the report, adding that the average equity holding in the United States is 43 per cent.
-zhu(ironic);
2009-5-12(#5258421@0)
嘿嘿,这个只是一个average, 包括了付了20mortgage和刚买房子的家庭,房价,利率和工作的波动对那些新房主的影响是巨大的,反过来, 那个$1.93 trillion in home equity可以随着房价的波动而改变
-budongbudong(梦想中奖);
2009-5-12(#5258528@0)
Excellent article and very insightful points! This article does confirm my original strategy about housing - wait and see till the end of this year and then determine next steps.
-newbornbaby(anan);
2009-5-11(#5257807@0)