Most people can agree that the Canadian housing market is overextended—perhaps even a big bubble ready to burst.
But as Hedgeye Financials & Housing analyst Josh Steiner explains in the clip above, there is one critical factor contributing to that bubble that has flown under the radar in most reporting of the situation: the debt burden created on the Canadian consumer by home equity lines of credit.
One of the problems this is producing is a growing number of Canadians who are basically at their wit’s end from a debt standpoint,” Steiner explains.
“You’re at