There was an outstanding article from Don Curren today on Canadian debt levels. You can read it here. The article references some new data courtesy of the Canadian Centre for Policy Alternatives. As I have been mentioning for well over a year on this blog, Canada has a serious debt problem which is particularly acute in the household sector. New mortgage loans have been growing exponentially and is a primary factor behind surging house prices. In the past 5 years, Canada has accumulated more debt than any other advanced economy. Private sector debt to GDP has surged 20% in this time. There’s plenty of research which suggests the tipping point for private sector debt appears when the debt to GDP ratio grows by 17% in five years. Which we surpassed in early 2016.

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Key Political Developments Prime Minister Trudeau’s ResignationTrudeau, described as economically illiterate, is resigning. Trump’s Inauguration A knowledgeable Vancouver real estate