You betcha … Canada’s housing market certainly appears frothy to some observers, but many economists still believe there’s little to fear. Three reports have now put Canada in the bubble category. And this week’s big sales numbers, as reported by The Globe and Mail’s Tara Perkins, could fan those concerns. However, expectations of higher mortgage […]
Canada has a bubbly friend in Norway
In its latest assessment of the Nordic economies, the IMF singled out Norway’s housing market as especially worrying. Prices for residential real estate in the oil-rich country paused only briefly during the world financial crisis, before soaring higher. The average Norwegian hjem has doubled in price over the past decade, leaving its Nordic neighbors—and most […]
Canada’s housing market among most ‘bubbly’ in world, Economist finds
Canadian House Prices ‘Bubbly,’ The Economist Says As Feds Mull More Mortgage Changes The Economist has once again declared Canada’s housing market to be “bubbly,” in a survey that shows Canadian house prices to be 30-per-cent overvalued compared to incomes, and 74-per-cent overvalued compared to rental prices. On the bubble … Canada’s housing market is still among […]
Dreams Come True For Canada As Housing Bubble May Not Burst After All
Dreams come true for property owners, and nightmare for those who do not own any home in Canada yet . Why ? Because housing supply across the border is very tight, demand exceeds supply, prices are the rise (as much as 15% is anticipated) … this will give realtors, speculators, or otherwise crooks a very, very big […]
Canada managed to secure a soft landing for housing bubble ?
Fresh from the oven: – Canada housing starts top forecast in latest sign of rebound Canadian housing starts were stronger than expected in June and May figures were revised higher, according to data released on Tuesday, the latest report to show the property market rebounding from last year’s government-induced slowdown … There Are Two Sides […]
TD Bank: “Paul Krugman is a Moron” ?
In “retaliation” to Paul Krugman’s gloomy outlook on Canada’s housing prospect, actually, impending “Bubble Implosion” … Paul Krugman: “Think there is no housing bubble in Canada ? Think again.” TD Bank to Paul Krugman: You’re wrong about ‘vulnerable’ Canada MICHAEL BABAD The Globe and Mail TD takes on Krugman Toronto-Dominion Bank is taking Paul Krugman to […]