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Canadian housing bubble burstsWealth Awesome
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87% Informative
Recent data suggests that the Canadian housing bubble has reached unprecedented levels, even compared to other G7 nations.
Real residential house prices in Canada have grown by more than four-fold since 1970 .
A housing crash could have far-reaching impacts on Canada ’s overall economy, affecting consumer spending and construction employment.
A housing bubble occurs when house prices rise to levels significantly above their real value.
Real residential house prices in Canada have grown more than four-fold since 1970 .
Canada has the highest household debt levels among G7 countries, with mortgages accounting for about three-quarters of this debt.
VR Score
88
Informative language
89
Neutral language
52
Article tone
formal
Language
English
Language complexity
61
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
9
Source diversity
9
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