As we know, Canadian house prices are rolling over or falling:
Same in Australia:
Authorities in both countries are making exactly the same sounds about household debt risks. On Friday, the head of the CHFC, Evan Siddall, sounded straight up like Phil Lowe: “We do have a debt problem. The more house price-financed debt you have, the more likely you are taxing your economic future.” Both have thriving broker channels that are under pressure for delivering years of “liar loans”. Both have had big Chinese housing investment inflows that have been hit by Chinese capital controls and local tax hikes.
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