Housing market surges Canadian house prices may be seen by some as among the most inflated in the world, but observers on the home front don’t see problems on the horizon. A year ago, the housing market was suffering from new mortgage rules brought in by the government to cool things off. Now, homebuyers appear […]
BoC governor: No Canadian Housing Bubble
… And Vancouver Mansion Went From $18M To $6.5M (Bonus Story) Bank of Canada Governor Stephen Poloz speaks to the Vancouver Board of Trade in Vancouver The head of the Bank of Canada gently urged businesses to ease open the purse strings and start spending Wednesday as he said the economy was nearing a tipping […]
CMHC is the mother of all Housing Bubbles ?
CMHC bubble is 100% made in Canada Ottawa has been creating a housing bubble in Canada with taxpayer money, which is why residential real estate prices rise in defiance of high unemployment and recession. Ottawa’s low interest rate policy and Crown agency Canada Mortgage and Housing Corporation’s dramatic increase in mortgage backstopping, for people who […]
Canadian housing bubble looks ripe for popping ?
Really ? Adam Peterson a residential real estate investor with a New York investment firm thinks so. Trend of rising prices and rising debt cannot be sustained. Home prices are so high relative to incomes that average households are very vulnerable to rate or income movements. Housing in Canada is unaffordable. International experts are unequivocal in their […]
I warn you, Mr Carney – a housing bubble is coming
Carney Carnage Chronicles Like missing penalties, drinking tea and listening to The Archers, home ownership is a peculiarly British obsession that is hard to explain to outsiders. The ratio of house prices to disposable income is uncomfortably wide and Robert Shiller, the economist who famously predicted the great American housing crash, has raised the warning […]
Canadian Government Blows-Up Housing Bubble
Jeff Nielson: Stephen Harper’s Ultimate Crime is almost complete. His campaign to destroy Canada’s economy began with his relentless, meticulous efforts to duplicate the disastrous U.S. housing bubble in Canada (along with piling up years of record deficits). We can be absolutely certain of Harper’s criminal intent here because he chose to duplicate the U.S. housing bubble in […]