Canada's economy and its housing market, to many, is eerily similar to Australia's. Some are starting to think that we'll see a stall in the housing market that's not too different from 1990 - it's logical seeing we've partied so hard and so long on low interest rates and money for nothing (exactly that - money for nothing). But there's also a time to pay for all this exuberance, otherwise there really would be such a thing as 'something for nothing'. I thought I'd direct you onto this video whilst on this thread rather than starting a new one. And many Australians believe the RBA will always keep interest rates low when the economy falls into a pit - not true! Click here
