UK: Home-owners hit by economic slowdown as experts predict 20 per cent drop in sale profits The reality of the economic slowdown has struck home. Realty experts have predicted that the days of impressive returns are over. Home buyers are staring at poor returns on their investments, while developers are finding it hard to sell […]
Flaherty: “What Bubble ?” Get Yourself A Porsche …
Canada’s Flaherty Sees No Sign of Canadian Housing Bubble By Paul Vieira Reuters Canada’s Finance Minister Jim Flaherty in the House of Commons last month. As far as Canadian Finance Minister Jim Flaherty is concerned, talk of a Canadian housing bubble is overdone. With Canadian housing cooling, some prominent U.S. hedge fund investorssay Canadian government policy […]
10 things economists won’t tell you
Why the future of the economy is as tough to predict as the weather 1. “We can’t predict the next crisis…” As political gridlock in Washington threatens to stall a U.S. economic recovery, investors are once again turning to economists for guidance on what the future holds. But a Ouija board may serve them just […]
Canadian housing market among most overvalued in the world: OECD
Canada has one of the most overvalued housing markets in the world, according to a new global report, which adds to the ongoing debate about whether it’s a bubble set to burst. The Organisation for Economic Co-operation and Development (OECD) says Canada, alongside Norway and New Zealand, are among the countries where houses “appear overvalued but […]