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All- Time Highs: CDN Real Estate Resumes Its Zoom Higher

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Posted by Brian Ripley's Canadian Housing Price Charts

on Wednesday, 13 May 2015 04:19

In April 2015 Canada's big city metro SFD prices all caught a bid with Toronto prices breaking out again to the upside for a new record peak. It's all about the land that real estate sits on; big money is willing to pay a premium for sitting on it.

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The chart above below 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.

Price gains were accomplished on a push higher in sales volume of the Canadian national MLS residential



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Canada has the Most Overvalued Housing Market in World

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Posted by VisualCapitalist Chart of the Week

on Thursday, 07 May 2015 06:20

canada-housing-bubble

In every inflating bubble, there’s usually two camps. The first group points out various metrics suggesting something is inherently unsustainable, while the second reiterates that this time, it is different.

After all, if everyone always agreed on these things, then no one would do the buying to perpetuate the bubble’s expansion. The Canadian housing bubble has been no exception to this, and the war of words is starting to heat up.

On one side of the ring, we have The Economist, that came out last week saying Canada has the most overvalued housing market in the world. After crunching the data in housing markets in 26 nations, The



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Real Estate

The Canadian Real Estate PLUNGE-O-METER

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Posted by Brian Ripley's Canadian Housing Price Charts

on Thursday, 07 May 2015 06:02

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The Plunge-O-Meter tracks the dollar and percentage losses from the peak and projects when prices might find support. On the price chart in the spring of 2005 there was a 4-6 month plateau period while buyers and sellers twitched like a herd. When the credit spreads narrowed and the yield curve began its journey towards inversion, the commodity stampede began.
 
The Price Support target represents prices at March 2005; the start of a 40 month period of ardent speculation in all commodities; then a full blown crash into the pit of gloom (March 2009); and then another 39 month rocket ship to the moon but then the crowd suddenly thinned out in April 2012. The revival of spirits erupted in 2013 as global money went short cash and long real estate on an inflation bet (see Whale Watching). Now we have a major divergence with Vancouver and Toronto going against the trend.
 
...see the price trends of  6 Canadian Cities with more than a milion HERE


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Compare Vancouver to Toronto SFD, Townhouse & Condo Housing Prices and Total Residential Listings & Sales and Absorption Rates

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Posted by Brian Ripley's Canadian Housing Price Charts

on Wednesday, 06 May 2015 13:52

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The chart above shows the average Single Family Dwelling, Townhouse and Condo prices (solid plot lines) of both Vancouver and Toronto as well as the Monthly Absorption Rate (MAR = Sales/Listings as dotted plot lines). At the Vancouver peak in April 2012, Vancouver metro SFDs were an astounding 64% (1.6 times) more expensive than GTA comparables. But Toronto has been on a tear out of the March 2009 Pit of Gloom and the SFD price differential has shrunk to 33% (1.3x) even with the current (April 2015) peak average SFD price in Vancouver.

.....for larger chart & to read more go HERE

 


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Real Estate

Negative Interest Rates Put World on Course for Biggest Mass Default in History

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Posted by Jeremy Warner - Telegraph

on Monday, 04 May 2015 05:09

eurozone 3023810bMore than €2 trillion-worth of eurozone government bonds trade on a negative interest rate. It's a bubble that is bound to end badly

Here’s an astonishing statistic; more than 30pc of all government debt in the eurozone – around €2 trillion of securities in total – is trading on a negative interest rate. 

With the advent of European Central Bank quantitative easing, what began four months ago when 10-year Swiss yields turned negative for the first time has snowballed into a veritable avalanche of negative rates across European government bond markets. In the hunt for apparently “safe assets”, investors have thrown caution to the wind, and collectively determined to pay governments for the privilege of lending to them.

....read more HERE

 



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