Apparently as many as 2/3 Canadians have converted to a new religion known as “Bubbleology”. To the faithful Bubbleologists, Housing Bubble is the mighty Devil and his coming is imminent. Because certain unscrupulous profiteers have provoked the wrath of the Lord. However, Housing Bubble is no Armageddon, it’s not the end of the world yet. It’s just that there […]
Down: Home Affordability, Up: Interest Rate & Toronto Population, Solution: Laneway Housing?
Already nearly half of the folk surveyed feel they can’t afford a home, Upper, middle and low-income Canadians worried about housing prices: poll A new poll found about half of respondents who consider themselves poor or working class believe that the cost of local housing is beyond their means. The rate was 38 per cent […]
No, Stephen Poloz will not mess with the housing bubble
Toronto’s housing bubble is not Stephen Poloz’s problem refers. A weaker economy would necessitate low interest rates, which in turn fuel financial imbalances. That’s where the central bank is today — unable to keep inflation at the 2 percent target over the past two years in an economy it says still has plenty of slack. […]
Toronto’s housing bubble is not Stephen Poloz’s problem
It never was, and it will never be one. Pressure builds on Bank of Canada to tackle house prices by raising interest rates Bank of Canada Governor Stephen Poloz said this month that 30 per cent gains in Toronto house prices are not sustainable and have been driven in part by speculation… Financial Post And here […]
Canadian interest rates are the lowest in 5,000 years
While folk are debating solutions for our problems, blaming foreign money and our immigration programs as the main culprits such as this article – Toronto, don’t let Vancouver’s housing crisis become yours. Whereby Josh Gordon, an assistant professor at the Simon Fraser University School of Public Policy writes about (and invited a lot of heated arguments): – Concern about foreign […]
CMHC sees no housing bubble whatsoever
There is no Housing Bubble, you hear that loud and clear? Image Source CMHC sees no 1980s style housing bubble in Toronto high-rise condo market Financial Post – Jul 19, 2016 Canada Mortgage and Housing Corp. sees very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the marketcrashed. […]