Canadian Housing Overvalued? Maybe Not By David George-Cosh If you’re following the headlines on Canada’s housing market—and who isn’t—you likely noticed the Organization for Economic Cooperation and Development described Canada’s housing market as overvalued and at risk of suffering a correction. Not so fast, says Mario Lefebvre, director of the Centre for Municipal Studies at […]
Paul Krugman: “Think there is no housing bubble in Canada ? Think again.”
Nobel laureate economist warns Canada at risk of housing bubble shocker BY JOHN SHMUEL, POSTMEDIA NEWS Economist Paul Krugman has delivered a cautious warning about Canada’s housing. Nobel prize winning economist Paul Krugman has served notice that Canada may be experiencing a housing and debt bubble. In a new post on his New York Times blog, […]
Canada Housing Bubble Deflating Slowly & Softly ?
Canadian Housing Bubble? Overvalued Housing Market By Joseph Cafariello While the American housing market is recovering from its flu, Canada’s may be showing symptoms of its own. The Organization for Economic Co-operation and Development – an international economic forum where 34 member countries compare and consider free market policies and practices – has this week […]
Donald Trump: “What condo crisis” ?
They say the condo segment is in deep trouble, Overbuilt, overpriced condo market poses risk: Bank of Canada Trouble in condo market could bring down economy: Central bank Overheated condo market sheds dark cloud over Canadian economy, Bank of Canada warns Real Estate Cheat Sheet: Bank of Canada worries about condos; homebuyers worry about taxes Toronto condo market especially vulnerable […]
Mayors across Canada demand action on affordable housing crisis
Canada’s big-city mayors want action on affordable housing crisis BY DENE MOORE, THE CANADIAN PRESS Record levels of household debt, soaring living expenses and changing demographics mean big city dwellers can no longer rely on owning a home, said Vancouver’s mayor on Thursday. The mayors of Canada’s largest cities say there is a growing housing […]
Why homes cost so much more in Canada (compared to U.S.) ?
No idea if the article below is supposed to be justifications for homes to cost so many times more in Canada as compared to U.S. ? On the surface, I find the reasoning somewhat lame … For example, the author argues, 1. There’s the exchange rate difference — now and when construction was initially carried out. […]