Login

Real Estate

Canadian Housing Bubble Has Begun To Burst

Share on Facebook Tweet on Twitter

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



Banner

Real Estate

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

Share on Facebook Tweet on Twitter

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



Banner

Real Estate

Analyst: Canada poised for biggest housing crash in history

Share on Facebook Tweet on Twitter

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



Banner

Real Estate

Canada 6-City Housing Prices & Plunge-O-Meter

Share on Facebook Tweet on Twitter

Posted by Brian Ripey's Canadian Housing Price Charts

on Tuesday, 10 March 2015 05:53

9758344

The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and



Read more...

Banner

Real Estate

Comparison: Vancouver to Toronto Detached, Townhouse & Condo Housing Prices

Share on Facebook Tweet on Twitter

Posted by Canadian Housing Price Charts

on Monday, 09 March 2015 08:12

9121481 orig

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 31% (1.3x). Click on Chart for Larger Image



Read more...

Banner

<< Start < Prev 31 32 33 34 35 36 37 38 39 40 Next > End >> Page 35 of 41

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Our Premium Service:
The Inside Edge on Making Money

Latest Update

Rinse and Repeat With These Long-Term Winners

In April of this year I put together an Inside Edge Column titled, “If It Ain't Broke, Don't Fix It.”. Hardly a revolutionary idea, but...

- posted by Ryan Irvine

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine