Citi Bank: Canada's Housing Bubble Risks HUGE Deleveraging

Citi Bank: Canada's Housing Bubble Risks HUGE Deleveraging

Citi Bank: Canada's Housing Bubble Risks HUGE Deleveraging.

The Canadian housing bubble has been driven to unbelievable heights.

The US bank Citi is now coming out and saying that Canada risks a huge deleveraging event as the economy enters a recession that could eclipse the size of the GFC Global Financial Crisis in the US in 2008.

We explore the narrative around the housing bubble and how it got so out of control.