Canadian property market might go down, but 50% looks far fetched. consider the following factors:
1.Canadian property tax is substantially lower than the USA and so as the carrying load;
2.the higher down payment requirement from the Canadian banks virtually eliminated NINJA candidates (NINJA no income, no job and no assets);
3. higher percentage of landlords rent out their properties to cover the carrying cost, or even making money from it. There are endless supply of renters in Toronto area. In USA, it is not very common or not as easy to rent out your home, except for New York city around China Town area.
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花草迷
2010-11-22 06:52
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"美国华盛顿的「经济暨政策研究中心」（Centre for Economic and Policy Research）主任贝克说，加拿大平均房价没理由比美国高大约50%，因为加拿大人平均收入低于美国，地价也不高，依据这些基本因素，加拿大房价不应该比美国高这么多。
他继续说：「我认为加拿大的房地产市场存在问题。很多事情看上去不对劲：加拿大的负债与收入比率接近美国泡沫高峰期，因此有产生严重后果的危险。」"
经济暨政策研究中心主任贝克的数据不会有错，他的观点应该是客观的，而加拿大那些所谓的经济大师很可能都是银行、地产经纪和相关即得利益者的枪手，实际上央行上次没敢提利率也就是对贝克观点的验证。
1. 加拿大平均房价没理由比美国高大约50%
2. 加拿大人平均收入低于美国，地价也不高
3. 加拿大的负债与收入比率接近美国泡沫高峰期
Median after-tax income for families with two or more people, adjusted for inflation, was $63,900 in 2008, virtually unchanged from 2007. This followed four years of growth. For unattached individuals, after-tax income also remained unchanged, at $24,900.
加拿大学者驳贝克：本国房市不会崩盘