Apparently as many as 2/3 Canadians have converted to a new religion known as “Bubbleology”. To the faithful Bubbleologists, Housing Bubble is the mighty Devil and his coming is imminent. Because certain unscrupulous profiteers have provoked the wrath of the Lord. However, Housing Bubble is no Armageddon, it’s not the end of the world yet. It’s just that there … Read More
Already nearly half of the folk surveyed feel they can’t afford a home, Upper, middle and low-income Canadians worried about housing prices: poll A new poll found about half of respondents who consider themselves poor or working class believe that the cost of local housing is beyond their means. The rate was 38 per cent … Read More
First, we heard, Bubble, bubble, Canada’s housing market poses trouble, IMF says MarketWatch Canadians’ Faith In Real Estate Fizzles As Toronto Sales Plunge That confidence is now falling as evidence mounts of a slowdown in the Toronto area, Canada’s largest housing market. The Bloomberg Nanos consumer confidence barometer found the share of Canadians expecting house prices … Read More
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 … Read More
I have always expected this will be the direction Canada is heading – The government will keep interest low and keep printing money. Image Source Is there a problem here?
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 … Read More
The Canadian Mortgage and Housing Corporation’s (CMHC) latest report warns of “problematic conditions” in the country’s largest housing markets. “In Toronto and Vancouver, this is due to the combination of price acceleration and overvaluation.” In an attempt to cool the most controversial housing markets – Vancouver, whereby average home prices has shot up more than 36% in just … Read More