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The Plunge-O-Meter & March CDN Housing Prices

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Posted by Brian Ripey's Canadian Housing Price Charts

on Thursday, 09 April 2015 10:40

8685857

Larger Chart

The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada.

For more commentary on the above chart go HERE

For Brian's Plung-O-Meter go HERE

 



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Real Estate

Time to Short Canadian Real Estate

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Posted by Vikram Mansharamani via BNN

on Thursday, 02 April 2015 11:39

The author of BoomBustOlogy "Spotting Financial Bubbles Before They Burst", explains why he's shortselling Canadian Real Estate. Below are some bullet poiints from the compelling 9 minute BNN interview, worth listening to - Editor Money Talks 

Canadians have extremely higher debt to income ratios than Greeks do.

Canadian housing prices have diverged extremely upward from the U.S. experience without a corresponding correction.

The Canadian economy is at risk from the oil sell off.

Canadian sub-prime loans could be as high as 25% of new loan creation. 

Canadian hubris, over confidence and fear:

1) Canada is different,

2) foreign buyers want Canadian real estate,

3) real estate prices will continue to rise (the inflation argument),

4) have to buy now before being priced out.

Click on image to listen to the 9 minute interview (begins after commercial)

Screen Shot 2015-04-02 at 11.51.17 AM



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Real Estate

Canadian Housing Bubble Has Begun To Burst

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Posted by ZeroHedge & Canadian Real Estate Wealth

on Saturday, 28 March 2015 08:22

OilCanadaHomesDon’t look now but slumping crude prices are hitting the Canadian housing market like a freight train. Energy accounts for 10% of Canadian GDP and around 25% of exports and the swift fall in oil prices is having a profound effect in the nation’s oil producing regions. Take Calgary for instance, where single-family home sales fell 34% last month. As the following chart shows, Alberta derives some 30% of its provincial revenues from energy royalties and as one TD analyst quoted by the Calgary Herald recently noted, “the effects of significantly lower oil prices had already turned up in resale activity, with sales in Calgary and Edmonton down more than 40 per cent and 30 per cent respectively, from October to January [and] as resale activity slows, prices usually follow.” .....full article & charts HERE

....related:

imagesAnalyst: Canada’s Housing Market is ‘Loonie Tunes’

During a recent visit to Canada, (Mansharamani) “noticed a schizophrenic oscillation between housing exuberance and oil-price despair” and concluded that “Canada is now among the most vulnerable large economies in the world.”

Contributing to the impending burst bubble, according to Mansharamani, is rapidly rising household debt that far exceeds GDP, house prices that have continued their upward march, and the falling price of crude oil – all of which will be felt across the country.

....read more HERE



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Real Estate

Analyst: Canada’s Housing Market is ‘Loonie Tunes’

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Posted by Canadian Real Estate Wealth

on Friday, 27 March 2015 05:33

imagesDuring a recent visit to Canada, (Mansharamani) “noticed a schizophrenic oscillation between housing exuberance and oil-price despair” and concluded that “Canada is now among the most vulnerable large economies in the world.”

Contributing to the impending burst bubble, according to Mansharamani, is rapidly rising household debt that far exceeds GDP, house prices that have continued their upward march, and the falling price of crude oil – all of which will be felt across the country.

....read more HERE



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Analyst: Canada poised for biggest housing crash in history

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Posted by Canadian Real Estate Wealth

on Thursday, 19 March 2015 08:46

Housing crashA new book by financial adviser and author Hilliard MacBeth says that Canadian home prices are about to fall by nearly 50 per cent, leading to the biggest housing crash the country has ever seen – but its author says this could present an opportunity for well-financed investors.

"Investors who own properties with substantial equity can hang on without any trouble and they will see a new supply of renters who will be looking to rent after being burned as owners," MacBeth, a portfolio manager at Richardson GMP in Edmonton told CREW.

....continue reading HERE



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