Double bubble - MoneySense

Double bubble

Is there a new U.S. housing bubble?

  • Business blogs are pointing to the pace of rising home prices, the number of investors versus traditional homebuyers and the limited extent of new mortgage loan restrictions as evidence a new housing bubble is building in the U.S., but Canadian Business reports it is still too soon to tell. It is also too early to buy out-of-favour gold stocks, according to the magazine’s investment section.
  • See this Canadian Business graph from Monday for how Manulife’s “ultra-low” mortgage rate, which was removed after just one day, compares to the 1980s.