Summary
China’s new controls seek to slow down capital flight.
Canada’s housing boom is vulnerable.
The Canadian dollar’s rally is overdone.
We’re headed for another housing bust. This time in Canada. And the key is China.
It’s no secret that Chinese investors, seeking asylum from the slow-motion credit bust underway there, have been dumping tons of cash into Canadian real estate.
But it looks like a number of events are coming together at the same time to blow up that market before the end of 2017.
