Featured
3 July 2011
Maybe Prices Aren’t Going To Drop THAT Much
Yesterday I discussed a report that suggested that the Canadian housing market was due for a big price correction. The primary piece of evidence used by the research firm Capital Economics was that the ratio of house prices to disposable income per capita was 25% above their expected levels, according to the company’s calculations. In…
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30 June 2011
Research Firm Predicts 25% Drop in Canadian Housing Prices
A report by Capital Economics, suggests that house prices in Canada could fall by 25% over the next three years. The report points to some specific concerns for their worrying prediction: -Housing prices relative to disposable income are 25% overvalued -Unoccupied housing units are at historical highs -The homeownership rate has increased sharply over the…
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