KERRY GOLD | The Globe and Mail It’s no secret that the rich investor class is buying up properties in cities around the world, including Vancouver. In Manhattan, the super rich foreign class is driving a boom in luxury condo towers that is widening the gap. Places such as London, and Sydney are feeling the hard […]
Thanks Mark Carney For Our Debt Mountain ?
Opinion Canadians are now much deeper in debt than Americans In the immediate aftermath of the financial crisis, Canadians were feeling pretty good about themselves. And that was their right. Canada’s banks weathered the crisis well and bolstered their reputation as some of the world’s soundest financial firms. As US debt government debt levels surged, […]
Flaherty: “What Bubble ?” Get Yourself A Porsche …
Canada’s Flaherty Sees No Sign of Canadian Housing Bubble By Paul Vieira Reuters Canada’s Finance Minister Jim Flaherty in the House of Commons last month. As far as Canadian Finance Minister Jim Flaherty is concerned, talk of a Canadian housing bubble is overdone. With Canadian housing cooling, some prominent U.S. hedge fund investorssay Canadian government policy […]
10 things economists won’t tell you
Why the future of the economy is as tough to predict as the weather 1. “We can’t predict the next crisis…” As political gridlock in Washington threatens to stall a U.S. economic recovery, investors are once again turning to economists for guidance on what the future holds. But a Ouija board may serve them just […]
Canadian housing market among most overvalued in the world: OECD
Canada has one of the most overvalued housing markets in the world, according to a new global report, which adds to the ongoing debate about whether it’s a bubble set to burst. The Organisation for Economic Co-operation and Development (OECD) says Canada, alongside Norway and New Zealand, are among the countries where houses “appear overvalued but […]
Vancouver Housing Bubble: Absurd Prices Highlighted
Amid the weekly up and down reports on Vancouver’s housing market is one constant: a regular blog feature called “Absurd Vancouver Property” that highlights the city’s ridiculous property prices. Melissa Carr aptly calls the section “Are you f*%#ing kidding me?” on her blog, the thirties grind. Starting in March 2012, Carr finds eyesores, teardowns and just plain dumpy housesoften selling […]