HOW CANADA RESEMBLES A SLOW-MOTION REPLAY OF THE AMERICAN CRASH “I worry,” he told me, “that what is happening in Canada is kind of a slow-motion version of what happened in the U.S.” Robert Shiller, of Yale University Senior Washington Correspondent By Neil Macdonald, CBC News An expatriate always thinks about going home. The longer the […]
Canadian housing bubble set to burst
You’ve probably heard of the Economist. That magazine is the latest voice of doom when it comes to our housing market: 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 parts of the country will continue […]
Canadian housing prices are not sustainable: David Rosenberg
Business Insider Brent Foster/National PostVancouver’s home prices are down 12% from year-ago peak levels but still average $733,000. Toronto’s average is about $517,000. “Not sustainable, my friends,” writes Rosenberg. As the U.S. begins to recover from its housing bubble, concerns have been escalating about a housing bubble in Canada. “Canada is carving out a top, while […]
Vancouver Housing Bubble: Robert Shiller, U.S. House Price Guru, Says He’s ‘Not Investing In Vancouver Real Estate’
Vancouver’s housing bubble is more extreme today than California’s was a few years ago, says one of the U.S.’s most renowned housing market analysts. Robert Shiller, co-creator of the Case-Shiller Index, which measures U.S. house prices, told BNN late last week that “Vancouver looks like part of California” when it comes to its housing market. […]
Canadian Real Estate And Household Debt
seekingalpha.com For the past three years the Canadian Finance Minister, Jim Flaherty, and the Governor of the Bank of Canada, Mark Carney, have preached caution to Canadian households on the risks of excessive debt accumulation. Neither have gone so far as to declare an asset valuation “bubble” within the Canadian real estate market. However, both […]
Canadian housing looks to be in soft landing, but actually heading for 25% crash: Capital Economics
John Shmuel business.financialpost.com A day after RBC put out a report saying that Toronto’s condo market is not in a bubble, Capital Economics has come out with its own report saying that Canadian housing, including Toronto, is most certainly in a bubble. David Madani, economist with Capital Economics, said on Wednesday that Canada’s housing market […]