Toronto’s housing bubble is not Stephen Poloz’s problem refers. A weaker economy would necessitate low interest rates, which in turn fuel financial imbalances. That’s where the central bank is today — unable to keep inflation at the 2 percent target over the past two years in an economy it says still has plenty of slack. […]
Toronto’s housing bubble is not Stephen Poloz’s problem
It never was, and it will never be one. Pressure builds on Bank of Canada to tackle house prices by raising interest rates Bank of Canada Governor Stephen Poloz said this month that 30 per cent gains in Toronto house prices are not sustainable and have been driven in part by speculation… Financial Post And here […]
What Housing Bubble, What Mortgage Trouble?
U.S. investment bank Goldman Sachs says there’s an almost one in three chance of Canada’s housing market going bust in the near future. “The end of Canada’s housing boom?”, so said The Economist. Utter Nonsense? Sounds like it because … Although concerns about Canada’s record level of household debt have intensified recently. And a recent […]
Chinese Insatiable Appetite For Canadian Real Estate Continues
The Chinese have been #1 investors for Canadian real estate … Nothing new. Instead of slowing down after the infamous Vancouver Foreign Buyer Tax, they come in greater number as if apocalypse is going to land in the Middle Kingdom soon. The momentum continues, home prices keep going north, millenials remain in the same doldrum as […]
Canadian interest rates are the lowest in 5,000 years
While folk are debating solutions for our problems, blaming foreign money and our immigration programs as the main culprits such as this article – Toronto, don’t let Vancouver’s housing crisis become yours. Whereby Josh Gordon, an assistant professor at the Simon Fraser University School of Public Policy writes about (and invited a lot of heated arguments): – Concern about foreign […]
Nouveau Silk Road: From Middle Kingdom to The Great White North
Jonathan Manthorpe believes there is a direct line linking the explosive real estate bubbles in Toronto and Vancouver and how secure Chinese President Xi Jinping looks on his throne. How China’s Politics Messing Up Canadian Real Estate Markets The evidence — the vast amount of money being spirited out of China by relatives, friends and cronies of […]