If you thought Canada has a housing bubble, this 60 Minutes story on China’s real estate bubble, where entire city blocks, malls and even cities are virtually empty, will make us look like small potatoes. One particularly scary statistic: a typical apartment building in Shangai costs 45 times an average resident’s annual salary. If you […]
Canadians join global real estate speculators
Canadians and Russians Penetrate U.S. Housing Market Ever since the U.S. housing bubble burst, it’s no surprise that foreign buyers have flooded the U.S. housing market. Both the Canadians and the Russians are leading the pack, but in different ways. “Canadians tend to be very value oriented,” says Jed Smith, managing director, quantitative research for […]
Canadian Housing Bubble ‘Set To Burst,’ The Economist Says
The Huffington Post Canada | By Daniel Tencer Canada’s housing market is “especially vulnerable” to a major correction, The Economist says in its latest roundup of global real estate. The magazine’s dire prediction comes as Canada’s mortgage brokers’ association is warning that the recent slowdown in home sales will continue and lead to large-scale job losses — though some […]
No Canadian Housing Crisis Because Aussies Say So ?
For clues to Canada’s housing future, look to Australia LINDA NAZARETH Special to The Globe and Mail Let’s put aside, just for a minute, the idea that there is a housing bubble in Canada. It there is a housing bubble, then we know it will burst at some point, and that the fallout will be […]
2013-2014 Canadian Housing Market Outlook
TD starts the week off when a 20+ page report on the Canadian housing market. They have revised their over-valuation of Canadian real estate to 8% -down from 10%- due to rising personal income and weaker price growth. However, the outlook varies greatly from city to city. Below is a quick recap starting with our city: Calgary: TD […]