Who needs to save when your house is your retirement plan? Sound familiar? It should. That is what nearly everyone in the US thought five short years ago. Amazingly, in spite of a mammoth collapse in US home prices, our lovely neighbors to the North seem to think “It’s different in Canada”. With that attitude comes the revelation Canadians’ household debt reaches record levels. Canadians’ debt-to-income ratio now ranks first among 20-advanced countries in the OECD and a new …

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Canada’s Household Debt Reaches Record $42,000 a Person; Fast and Furious Real Estate Decline Coming; Beijing Home Prices Plunge 31.4%