The Bank of Canada is warning that an “abrupt correction” of Toronto’s overheated condo market could quickly spread to the rest of the housing market, threatening the broader economy. The central bank reiterated its concern Thursday about a glut of unsold condominiums, particularly in Toronto, in a twice-yearly review of the health of the financial […]
House Prices Continue To Go Up Across The Great White North
House Prices Canada: Calgary, Newfoundland Lead Growth; Prices Down In Montreal, Maritimes “Builders reported that higher material and labour costs as well as market conditions were the main reasons for higher prices,” Statistics Canada said. Canada April New House Price Index Report The following is the text of the new house price index report for […]
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 […]
House prices continue to increase. No crash in sight, but neither are big gains
Yes, the House prices rendezvous is still happening all over Canada … Canadian house prices up 1.1 percent in May from April: Teranet Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index […]
Let’s blame the Government for record home prices
Learn About Tableau The last line in the album The Wall by Pink Floyd, specifically, in the song “Outside the Wall” is: “After all its not easy, Banging your heart against some mad bugger’s wall”. Also, a line from “Pigs on the Wing 1”, from Animals says: “Wondering which of the buggers to blame”. That […]