Amid the weekly up and down reports on Vancouver’s housing market is one constant: a regular blog feature called “Absurd Vancouver Property” that highlights the city’s ridiculous property prices. Melissa Carr aptly calls the section “Are you f*%#ing kidding me?” on her blog, the thirties grind. Starting in March 2012, Carr finds eyesores, teardowns and just plain dumpy housesoften selling […]
How to profit as Canada’s housing bubble pops
Bank of England boss Mervyn King gave his farewell speech yesterday. He was putting a brave face on the economy, no doubt with his legacy in mind. But now all eyes are on his successor, Mark Carney, who takes over from July. One reason Carney was picked is because he ‘saved’ Canada from recession as […]
Families’ debt worsened; housing bubble burst inevitable?
Here are some of the two cents by economy gurus: – Canadian families’ debt worse than expected; housing bubble burst feared Debt picture ‘eerily similar to the U.S. experience, just before their dramatic housing bust’ The revisions place household credit market debt in the second quarter at 163 per cent of disposable income, well above […]