Memorial Archives

Housing Index
posted Feb 27, 2004 at 11:20PM

Duplicating a chart I saw on Trader-Talk.

In my opinion demographics is the real driver in housing. In Canada the baby boomer cohort is much more distinct than in the US. It doesn't matter what the interest rates are..when they want to buy they buy. But when they are through - real estate activity gets garroted. You always read about how builders are aware of demographic trends and are determined not to overbuild...but it seems they always do.

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