Garry Marr financialpost.com Organized real estate is unable, it seems, to admit the glory days may be behind it. Sales plummet in major markets and the industry comes up with a new explanation for the decline, draping its comments with a sense that everything is just fine. The excuses are piling up. This month’s gem […]
Canada’s Reckless Banks Inflate House Price Bubble
Time to rein them in, five years after taxpayers saved their assets. By Murray Dobbin The whole issue of the housing bubble, its extent and whether there will be a soft landing as predicted by many wishful thinkers, has resulted in many interesting headlines in recent weeks — including some high on the delusional scale. One […]
All You Need To Know About Canada’s Housing Bubble
Two Charts: All You Need To Know About Canada’s Housing Bubble First chart: Income and House prices Second chart: Canada’s Household Debt to GDP Ratio Study and compare. Note cause of our bubble. Any more questions? [sources: First Chart from Alexandre Pestov’s ‘The Elusive Canadian Housing Bubble’, Summer 2010 edition, July 2010; Second Chart adapted from […]