Who will a Bubble Burst Hurt?
There’s been a lot of talk lately about a real estate bubble in Canada. And after Jim Flaherty announced his changes to mortgages in Ottawa, many think it’s going to come crashing down around us. But, not every Canadian is in that bubble. So, who would be most likely to feel it if that bubble…
Read moreThe Housing Boom Doesn’t have much Life Left
Even those who never thought the Canadian housing market was ever in a bubble have forecasted some kind of correction to happen within it in the next year or two. And now, we know that correction is coming. According to a Reuters poll conducted last week, Canadian home prices are set to rise by about…
Read moreToronto’s Market Hot, Vancouver’s is Not
Garth Turner calls it the “Vancouverization of Toronto,” and there might not be a more apt term. It’s exactly what chief economist at Gluskin Sheff, David Rosenberg, looked at when he wrote his report last week titled “Tale of Two Cities.” In the report Rosenberg compared the Toronto mortgage and housing market to that of…
Read moreWill a Housing Bubble become a Self-Fulfilling Prophecy in Canada?
Larry MacDonald is a former Canadian economist who now spends his time managing his own portfolio and writing books on investment. He also writes for a blog on Canadian Business and recently, he wrote a post titled “When will housing Armageddon arrive?” The post drew more than its fair share of critics on the Web;…
Read moreWho’s Profiting from Housing Bubble Fear?
There are many economists and analysts in Canada who think that we’re currently in a housing bubble. And there are some, such as Bank of Canada Governor Mark Carney, that won’t even utter the word. But while housing bubbles usually don’t spell good news for anyone, there are some that are profiting from it. And…
Read moreSudbury Seeing Growth All Around!
In May the credit agency DBRS published a report that said unemployment was a bigger threat to the Canadian economy than the housing market; because it’s unemployment that causes people to default on their mortgages and second mortgages. But if that’s true, Sudbury will be the exception. In this city, everything is just humming along….
Read moreBoC says Market will Cool, Moody’s Agrees
The Bank of Canada released its semi-annual Financial System Review this week and in it, they forecasted that the housing market in Canada was set to cool – a trend many have been worried about for the past year or so. The report, while not any real new news, does once again put the spotlight…
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