First, we heard, Bubble, bubble, Canada’s housing market poses trouble, IMF says MarketWatch Canadians’ Faith In Real Estate Fizzles As Toronto Sales Plunge That confidence is now falling as evidence mounts of a slowdown in the Toronto area, Canada’s largest housing market. The Bloomberg Nanos consumer confidence barometer found the share of Canadians expecting house prices […]
Toronto’s housing bubble is not Stephen Poloz’s problem
It never was, and it will never be one. Pressure builds on Bank of Canada to tackle house prices by raising interest rates Bank of Canada Governor Stephen Poloz said this month that 30 per cent gains in Toronto house prices are not sustainable and have been driven in part by speculation… Financial Post And here […]
What Housing Bubble, What Mortgage Trouble?
U.S. investment bank Goldman Sachs says there’s an almost one in three chance of Canada’s housing market going bust in the near future. “The end of Canada’s housing boom?”, so said The Economist. Utter Nonsense? Sounds like it because … Although concerns about Canada’s record level of household debt have intensified recently. And a recent […]
Low Loonies are coming back to haunt Canadians
I have always expected this will be the direction Canada is heading – The government will keep interest low and keep printing money. Image Source Is there a problem here?
Canadian interest rates are the lowest in 5,000 years
While folk are debating solutions for our problems, blaming foreign money and our immigration programs as the main culprits such as this article – Toronto, don’t let Vancouver’s housing crisis become yours. Whereby Josh Gordon, an assistant professor at the Simon Fraser University School of Public Policy writes about (and invited a lot of heated arguments): – Concern about foreign […]
The Real Estate Dilemma: Foreign Speculations, Backlash, and Alternatives
The Canadian Mortgage and Housing Corporation’s (CMHC) latest report warns of “problematic conditions” in the country’s largest housing markets. “In Toronto and Vancouver, this is due to the combination of price acceleration and overvaluation.” In an attempt to cool the most controversial housing markets – Vancouver, whereby average home prices has shot up more than 36% in just […]