How badly would you be hurt in a housing market price correction?
link to the calculator
As you play with the % downturn buttons, note that bubble corrections tend to be shark-fin shaped. Like this chart of the Dow Jones
Ottawa home prices are down 2.5 per cent on a year-to-date basis, according to the Teranet – National Bank National Composite House Price Index. Montreal is off 1.0 per cent, Quebec 1.2 per cent and Halifax 2.6 per cent. “The next markets that will crack are the Prairies outside of Alberta,” said Mr. Rabidoux, president of market research firm North Cove Advisors Inc.
As you play with the % downturn buttons, note that bubble corrections tend to be shark-fin shaped. Like this chart of the Dow Jones
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