PRESIDENT’S TORONTO SUN COLUMN TREB President’s Column as it appears every Friday in the Toronto Sun’s Resale Homes and Condos section. New Roadmap Is Valuable For Homebuyers March 8, 2013 — Perhaps you are feeling insecure about your knowledge of the financial implications of homeownership. Homes are a major asset, and for most Canadians, represent the […]
For Vancouver, housing and income don’t add up
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 […]
Home prices soaring back, economists say, but don’t cry bubble yet
Home sales are hot. Prices are climbing. Supplies are increasingly tight. All these positive signs for the housing market are nice, but many wonder the same thing: Is this a new bubble, or what? It’s easy to see how today’s housing market could trigger flashbacks to the frothy mid 2000s boom. Bidding wars are rampant, […]
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, […]
Housing Bubble Hysteria: Facts Versus Ficton
“Davidson” submits: The National Assoc of Home Builders reported the May 2013 HMI(Housing Market Index) at 44. This indicator is a sentiment indicator of home builders and while it is a confidence indicator and not a hard number count of home building activity, the fact that it is a survey of a very narrow sector […]
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 […]