Canadian are at unprecedented levels of debt – 150% over average income The Key Interest Rates are at artificially low levels –1% The price of housing is at 4.5 Times average income (11x in Vancouver), higher than the historical average mean of two to there. Federal and Provincial authorities are providing very low standards for […]
Archive | April, 2012
8 Top Economic Reasons For a Housing Correction in Canada
Posted on 20 April 2012.
Posted in Housing Bubble14 Comments
Overpriced Vancouver Homes
Posted on 16 April 2012.
1016 East 7th Ave, Vancouver MLS® Number V930461 Listing Price: $899,000 (notice the boarded up windows!)
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Canada Housing Bubble – Part 2
Posted on 10 April 2012.
From the previous post of the Canada housing bubble part 1, we showed that Canadians are stretched far beyond the limits of debt, with debt-income levels at similar levels to the United States before their housing collapse. However, the million dollar question is, for how long can this last? Before we can answer that question, […]
Posted in Housing Bubble259 Comments
Canada Housing Bubble – Part 1
Posted on 08 April 2012.
Real estate in Canada in recent years has seen some attractive appreciation despite the 2008 crash of us real-estate price. This trend of higher home prices has continued, especially for western provinces of Canada. Although, higher home price has been seen in other parts of the world, most notably; China, Australia and the UK. Although, […]
Posted in Housing Bubble22 Comments
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