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Yet Another Warning Over Canada’s Housing Market

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Posted by Economist Magazine

on Wednesday, 22 April 2015 08:13

images-1The Economist says that Canada’s housing market is overvalued by at least 25 per cent. More likely 35%

The magazine named Canada along with the U.K. and Australia as being "notable" for having an overvalued housing market. The metrics it uses include home-value-to-rent ratios and prices relative to after-tax income.

It’s not the first time that Canada has ranked highly in the Economist’s analysis of property markets, but it is the first time it’s been at the top.

House prices compared to rents are 89 per cent overvalued, which is a rise of 73 per cent from two years ago. Compared with income prices are 35 per cent too high. 

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Real Estate

Shocking CDN Real Estate Chart Shows Sales Exhaustion

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Posted by Brian Flores - Guru Focus

on Friday, 17 April 2015 06:19

Screen Shot 2015-04-17 at 7.17.35 AM

As the chart above shows that overall Trans-Canada Single Family Housing Sales are exhausted. Amazingly within that sales exhaustion are continuing potent Bull Markets in Toronto and Vancouver.

In the interview below Brian Ripley is questioned about the 2 charts showing how SFD properties in the hot markets are defying the national residential real estate sales slowdown as well as the ballooning strata inventory levels in both listings for sale and properties for rent.

 



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Real Estate

Jim Rogers Predicts HK Home Prices Down 50% Within 3 Years, Peg Abandoned

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Posted by Jim Rogers - ZeroHedge

on Tuesday, 14 April 2015 06:58

weJim Rogers notes increased housing supply will mark the peak of the housing market and a major price decline will unfold. 

According to Hong Kong, "Ming Pao Daily News" reported on the 12th, the well-known investor Jim Rogers (Jim Rogers), said recently that Hong Kong real estate bubble has to burst the edge of Hong Kong within three years house prices will fall by more than 50%.

Singapore and Hong Kong at the time of acceptance of Rogers' Ming Pao Daily News "interview, said the Hong Kong real estate bubble has been in extreme, sharp correction is reasonable. A substantial increase in housing supply in Hong Kong "will be the decisive factor for the price."

Official data show that the Hong Kong SAR Government, 2014 Hong Kong individual completions for 15,720 residential units, compared with 2013 units in 8250 nearly doubled. Property annual report this year, the Hong Kong SAR Government announced April 1 predicts the next two years the amount of new homes completed in Hong Kong will be more than 30,000 units, a record high since 2004.

In addition to excess supply, the Hong Kong Government may cancel HK dollar peg system, which will also impact prices in Hong Kong. Rogers has said publicly early in 2015, the Hong Kong Government has the opportunity to cancel the linked exchange rate system.



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Real Estate

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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