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 […]
How to profit as Canada’s housing bubble pops
Bank of England boss Mervyn King gave his farewell speech yesterday. He was putting a brave face on the economy, no doubt with his legacy in mind. But now all eyes are on his successor, Mark Carney, who takes over from July. One reason Carney was picked is because he ‘saved’ Canada from recession as […]
Families’ debt worsened; housing bubble burst inevitable?
Here are some of the two cents by economy gurus: – Canadian families’ debt worse than expected; housing bubble burst feared Debt picture ‘eerily similar to the U.S. experience, just before their dramatic housing bust’ The revisions place household credit market debt in the second quarter at 163 per cent of disposable income, well above […]