When the Bubble Bursts by Hilliard MacBeth

Author:Hilliard MacBeth
Language: eng
Format: epub
Publisher: Dundurn
Published: 2018-05-29T16:00:00+00:00

If there is a house price decline of 30 to 40 ­percent the banks will survive because of the ­beneficence of the ­government and ­Canadian taxpayers.

There is one more buffer that will save the banks in the event of a housing crash in Canada. Behind the CMHC stands the government and the Canadian taxpayer who can and will ride to the rescue of the lenders. So, if there is a house price decline of 30 to 40 percent, as happened in the United States and many other countries, the banks will survive because of the beneficence of the government and Canadian taxpayers.

But what happens to the Canadian stock market if the banks get into trouble in a housing-related crash that requires government assistance to the lenders to get them through?

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