Quote:
Originally Posted by Devils'Advocate
I can't find the data source for that table crazy_eoj. I know it points to some site in France, but I can't find it on that site.
BTW - a further analysis of the STC report that came out yesterday:
http://blogs.wsj.com/canadarealtime/...reaming_stream
Which is pretty much what I said yesterday. Should housing prices ever fall, we'd be in really bad shape. Because right now that is what is driving the middle-class wealth generation at the moment. RRSPs, savings, investments... those things are certainly NOT helping the middle class. |
I believe the data is from Cansim but not 100% sure.
Dealing in 'what ifs' is really rather counterproductive. If the economy as a whole collapsed, or another world war happened, we'd certainly be worse off than if housing prices fell.
The fact remain that the average Canadian has seen great increases in personal wealth, both through housing AND pension/investments. That in itself cannot be ignored.