Posted on 28 January 2013. Tags: Herd Mentality, Irrational Exuberance, Ponzi Scheme, Real Estate Bubble
While the mainstream media is only now beginning to acknowledge a dip in real-estate price evaluations in Canada. We have been raising the flag about this for over a year. According to The Economist, Canada’s housing market is the most over-valued in the world when analyzing its rents and income to price. “Overvaluation is especially marked […]
Read the full story
Posted in Featured, Housing Bubble
Posted on 18 December 2012. Tags: Bank of Canada, Debt Crisis, Low Interest Rates, Ponzi Scheme, Real Estate Bubble
Recent Canadian real estate data shows that the housing market has cooled; however, the much needed correction of valuation is far from over. Overall the housing correction was felt the most in Calgary; cities less affected were Regina and Montreal. Take a look below for average price statistics: Canada’s Housing Price Statistics Besides Calgary, the decline […]
Read the full story
Posted in Housing Bubble