The market has gorged on historically low interest rates, lack of supply, and surging demand that has only heightened over the past decade.
The same loose monetary policies have led to familiar conditions in European housing markets like Germany and England.
A return to “normalcy” on the interest rate front will pose a major challenge to a market and economy that has benefited from very accommodative central bank policy.
Shares of Home Capital have climbed 40% in 2021 as of mid-afternoon trading on November 10.
Back in March, I’d discussed why policy intervention was the only thing that could torpedo the Canada housing market.
Atrium Mortgage was one of the Canada housing stocks I’d recommended for investors last month.
In Q3 2021, the company saw its mortgage portfolio rise 2.7% year over year to $765 million.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor.