If you thought Canada has a housing bubble, this 60 Minutes story on China’s real estate bubble, where entire city blocks, malls and even cities are virtually empty, will make us look like small potatoes. One particularly scary statistic: a typical apartment building in Shangai costs 45 times an average resident’s annual salary. If you […]
Canadians join global real estate speculators
Canadians and Russians Penetrate U.S. Housing Market Ever since the U.S. housing bubble burst, it’s no surprise that foreign buyers have flooded the U.S. housing market. Both the Canadians and the Russians are leading the pack, but in different ways. “Canadians tend to be very value oriented,” says Jed Smith, managing director, quantitative research for […]
No Canadian Housing Crisis Because Aussies Say So ?
For clues to Canada’s housing future, look to Australia LINDA NAZARETH Special to The Globe and Mail Let’s put aside, just for a minute, the idea that there is a housing bubble in Canada. It there is a housing bubble, then we know it will burst at some point, and that the fallout will be […]
UK housing bubble set to pop
UK: Home-owners hit by economic slowdown as experts predict 20 per cent drop in sale profits The reality of the economic slowdown has struck home. Realty experts have predicted that the days of impressive returns are over. Home buyers are staring at poor returns on their investments, while developers are finding it hard to sell […]