Another analyst has come out with a “short Canada” message for investors. Ben Rabidoux, Hanson Advisor analyst, says that while Canada’s housing market surged in the wake of the financial crisis – when real estate markets in other developed economies, particularly the U.S., suffered double digit sales and price declines – that strength is not […]
Canadians Are Potential Bankrupts: One In Ten Will Sink Like Titantic
Canada Housing Boom Took Household Debt To Ridiculous Levels Canada’s housing boom has pushed one in 10 families deep in debt Greg Quinn and Ilan Kolet, Bloomberg News The Bank of Canada, which calls households owing more than 250% of their gross income “highly indebted,” said last month that household imbalances remain the biggest domestic risk […]
Why Condo Crash Is Not Going to Happen ?
According to Globe and Mail, Toronto condo market is doomed. Toronto’s soaring condo market ignites fears of a US-style crash Historically low interest rates and financially healthy banks eager to lend have spurred Canadians to shop for houses and condos. So builders built. Prognosis grim for Toronto condo investors Warren Buffett is fond of saying that “you never know who […]
New York Times & Globe and Mail: “Toronto Condo Crash Is Quite Real”
Toronto Condo Market Crash A Real Possibility: New York Times It’s no secret that Toronto has one of the developed world’s most hyperactive housing markets right now. The city is the undisputed leader in North America for high-rise construction, an impressive (some would say alarming) fact considering it has a fraction of the population of […]
CMHC knows what to do with $23B in hand, but not $700B liabilities on her shoulder ?
Apparently CMHC is hiring consultant how to mess with her $23 billions or so cash in hand. We wonder what is her strategy in case the $700 billions she is shouldering on behalf of taxpayers go belly up ? Canada Mortgage and Housing to form investment consultant pool BY RICK BAERT Canada Mortgage and Housing […]
Reuters: “Canada is doomed” ?
CANADA IS DOOMED: Three Signs The Country Up North Is Screwed Beyond All Recognition Brett Gundlock, Reuters You might be under the impression that everything is going pretty well in Canada, which had no banking collapse and only a mild recession in 2008-9.You would be wrong. The country is beset by political corruption scandals of […]