Canadian real estate market is not in a bubble, Poloz says Canada’s housing market is not in a bubble and not likely to suffer a sudden and sharp correction in prices unless there is another major global shock to the economy, Bank of Canada governor Stephen Poloz said Wednesday. Image Source The central banker, testifying […]
Jim Flaherty vows to intervene in housing market again if needed Flaherty eyes housing Why ? Because people like Motley Fool is saying … Is A Real Estate Crash Canada‘a Next Black Swan? Motley Fool Canada That was my thought two years ago when I looked out at the Toronto skyline. From from my Cityplace balcony – ground […]
Housing bubble, take 2 As homes in hard-hit cities languish in foreclosure, U.S. housing prices are reaching dangerous new heights America’s housing collapse was supposed to be the kind of catastrophe that comes around once in a generation. Instead, some analysts are warning that a new bubble is forming just five years after the last […]
Yale economist Robert Shiller won a Nobel prize on Monday (or, rather, a third of one) for his work suggesting that financial markets might not always be quite as efficient as we think, in large part due to human miscalculation about the value of assets. He famously predicted soon-to-burst bubbles in the stock market during the tech boom, […]
Nobel Economics Winner Robert Shiller Says Global Real Estate Prices ‘Bubbly’ Yale Prof Says Markets Repeating Mistakes of Boom Years One of three American economists who won the 2013 economics Nobel prize on Monday for research into market prices and asset bubbles expressed alarm at the rapid rise in global housing prices.
1. There are almost twice as many condos under construction in the Greater Toronto Area than in New York – which has triple the population. 2. Between 50% and 70% of all new condos are owned by investors.