Tuesday, February 16, 2010

housing in Canada

Bought HXD @12.96 and will sell @ 13.45.

Canadian Government is tightening mortgage rules. I won't say Canading housing market is in bubble territory right now but it starts to move closer there. The rent can not cover the carrying cost and there is no investment case on cashlow basis. If interest rate move up 100 bps, there will be pain for lots of home owners.

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