Is Canadian capitalism heading for a crisis? Part 4: Housing boom

Written by Geoffrey McCormack on June 13, 2019

In my last post, I discussed the relationship between poor profitability, economic stagnation, corporate cash hoards, and ballooning household debt. In this post, I will examine how these have driven a housing boom.

Mortgages make up the bulk of household credit, the largest and fastest growing part of bank loans. They exceeded $1.2 trillion in 2018.

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