They say housing debts of seniors in US and UK are very alarming … What about seniors in Canada ? We know developers are targeting seniors as condo market in cities are dwindling … Condos are being sold at almost the same price even in middle of nowhere in Canada where land is practically “free” […]
Canadian housing: Bursting bubble or gentle landing ?
A Brewing Canadian Crisis, and What Americans Learned About Bubbles Americans don’t like admitting failure. But after the 2008 global recession, something became unavoidably clear: The Canadian economy fared better than the United States. Your banking system didn’t crumble like ours. Your unemployment rate didn’t rise as much as ours. Your budget deficit didn’t balloon […]
Is another bubble forming in the U.S. housing market?
Sign of Another U.S. Housing Market Bubble? In fact, since the industry nearly collapsed six years ago, new-home construction for builders like Lennar is now clearly on an upswing. According to the March 2013 report from the U.S. Commerce Department, new home construction was on pace for more than one million units for the first […]
Canada heading into a slow-motion version of the U.S. housing bust: Robert Shiller
For some time, there has been talk of a growing housing bubble in Canada. Robert Shiller, the economist who famously predicted the U.S. housing bubble, has toldCBC News’ Neil Macdonald, “I worry that what is happening in Canada is kind of a slow-motion version of what happened in the U.S.” Macdonald writes that Shiller and other […]
Paul Krugman’s Conpiracy Theory On Housing Bubble
Krugman’s Call for a Housing Bubble In 2009, Lew Rockwell posted this quote of Paul Krugman’s from a 2002 New York Times editorial: To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Krugman. 2002. Calling for a housing bubble. What’s […]
Canadians join global real estate speculators
Canadians and Russians Penetrate U.S. Housing Market Ever since the U.S. housing bubble burst, it’s no surprise that foreign buyers have flooded the U.S. housing market. Both the Canadians and the Russians are leading the pack, but in different ways. “Canadians tend to be very value oriented,” says Jed Smith, managing director, quantitative research for […]