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 […]
Bank of Canada thinks the Condo Bubble is very much alive
Bank of Canada warns on Toronto condo market High level of unsold units in the pre-construction phase pose ‘elevated’ risk to economy A high number of unsold units in Toronto’s condo market make the system vulnerable, the Bank of Canada warned Thursday. The Bank of Canada is issuing among its starkest warnings to date about […]
Overvalued homes is no property bubble ?
According to OECD chief, overvalued house prices will not lead to a crash … that’s not how economy works. Now you wonder what will lead to a crash … perhaps real estate bubble is a phenomenon during the Great Depression only ? OECD chief on Canadian housing: It’s not a bubble (just way overvalued) MICHAEL BABAD The […]
Canada Housing Bubble – Yea Or Nay ?
Homeowners pawns in housing debate Canadian households are on the verge of financial ruin. We’re up to our eyeballs in debt, and even our cute little houses with the white picket fences are about to crumble to dust in a U.S. style meltdown. Then again; maybe not. A debate on the financial health of the […]