According to OECD chief, overvalued house prices will not lead to a crash … that’s not how economy works. Now you wonder what will lead to a crash … perhaps real estate bubble is a phenomenon during the Great Depression only ? OECD chief on Canadian housing: It’s not a bubble (just way overvalued) MICHAEL BABAD The […]
House prices continue to increase. No crash in sight, but neither are big gains
Yes, the House prices rendezvous is still happening all over Canada … Canadian house prices up 1.1 percent in May from April: Teranet Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index […]
Let’s blame the Government for record home prices
Learn About Tableau The last line in the album The Wall by Pink Floyd, specifically, in the song “Outside the Wall” is: “After all its not easy, Banging your heart against some mad bugger’s wall”. Also, a line from “Pigs on the Wing 1”, from Animals says: “Wondering which of the buggers to blame”. That […]
Toronto May 2013 Real Estate Market Sending Mixed Signals
Toronto’s real estate market experiencing mixed signals GTA home sales fall in May while prices climb The Toronto Real Estate Board (TREB) says that the number of home sales fell 3.4-per cent to 10,182 in May from the same period a year earlier across the region. In Toronto specifically, TREB said home sales fell 4.6 per cent […]
Skyrocketing Toronto condo starts could be ‘last hurrah’
Sky-high Toronto condo numbers renew fears of overheated market Toronto’s skyline, known for the towering cranes that drove Ottawa to tame home prices, will soon be dotted with several more. Canada’s biggest city already tops the list for the most high-rises and skyscrapers under construction in North America. It was also Toronto’s frothy condominium market […]
Canada Real Estate Market Slowdown … What Slowdown?
Slowdown? Yeah, right. Housing starts spring forward in May as economists hope for a slowdown Home construction in Canada staged a surprising spring resurgence in May, particularly in the seemingly overbuilt condominium market, defying expectations of a slowdown and even deep correction. Nearly half of Canadian homeowners eager to buy property Undeterred by record-high housing […]