Homeowners pawns in housing debate Canadian households are on the verge of financial ruin. We’re up to our eyeballs in debt, and even our cute little houses with the white picket fences are about to crumble to dust in a U.S. style meltdown. Then again; maybe not. A debate on the financial health of the […]
Everything you need to know about Canada’s housing ‘bubble’
Canada avoided many of the mistakes that the U.S. made in its housing market. Banking regulations and lending standards have been much tighter, and that has prevented prices from getting completely out of control. However, top economists including Robert Shiller and David Rosenberg are increasingly sounding alarms that the Canadian housing market is the next bubble and its about […]
Why Mark Carney’s Canadian success story may be about to fall apart ?
Is the new Bank of England governor an economic genius, or just a man who’s jumping at exactly the right time? By Matthew Lynn No Bank of England governor has ever been installed in office with quite so much advance hype as Mark Carney. When he moves from running to the Bank of Canada to his […]
Canadian housing: Bursting bubble or gentle landing ?
A Brewing Canadian Crisis, and What Americans Learned About Bubbles Americans don’t like admitting failure. But after the 2008 global recession, something became unavoidably clear: The Canadian economy fared better than the United States. Your banking system didn’t crumble like ours. Your unemployment rate didn’t rise as much as ours. Your budget deficit didn’t balloon […]
Is Canadian Housing Market Falling Apart?
Last summer, a Vancouver real estate agent named Keith Roy sold his house. About a month later, he wrote a blog post about it—and set off a firestorm of criticism from fellow real estate agents. “I’m a REALTOR and I sold my own home 4 weeks ago. It wasn’t too big or too small. It’s […]
No sign of a Canadian housing crash
Housing starts slow, but no signs of crash: analysts Canada’s once-sizzling housing market continues to fall back to more sustainable levels, but as yet is managing to avoid the earmarks of a damaging crash that would spill over into the general economy. The latest data on housing starts from Canada Mortgage and Housing Corp. shows […]