You betcha … Toronto Community Housing REIT coming soon? JACQUELINE NELSON The Globe and Mail Amid the offerings in the hot Real Estate Investment Trust market, income-craving investors may soon see an unusual new option: A portfolio of social housing buildings in downtown Toronto. That’s one of the ideas thought up by Toronto Community Housing […]
Canada’s outlook is a bit bleaker in part because consumers are trying to pare down their debt loads
The following excerpt from the CBC website today is the same news we have been hearing for nearly four years now: “Canada’s outlook is a bit bleaker in part because consumers are trying to pare down their debt loads,” TD said Tuesday. (Canadian Press) The Canadian economy is stuck in neutral, dragged down by debt-laden […]
Why a U.S.-Style housing nightmare could hit Canada
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. […]