Monthly Archives: October 2010

‘Vulching’ a rental home

Over the past few weeks, I’ve received several questions related to renting a home.  Let me summarize my current situation since it seems to be a topic of interest to a number of readers. I rent my current home.  I … Continue reading

Posted in Real Estate | Tagged , , , , | 13 Comments

Mainstream!

There was a great article that ran on msn.ca today.  We’ll discuss it in a moment.  Before we do, let’s be reminded that one of the important drivers of any correction is a change in investor psychology.  As I’ve said … Continue reading

Posted in Real Estate, Social trends | Tagged , , , , , , | 3 Comments

We’re different!

I was unable to find the time to write up a post yesterday, despite some interesting data points worth discussing.  Luckily, others in the blogosphere were on the ball, so I’m not going to discuss topics that have been well … Continue reading

Posted in Real Estate, Social trends | Tagged , , , , , , , , , , , , , | 4 Comments

Why the big banks have to lie through their teeth

I noted in a post a couple days ago that CIBC recently concluded that real estate is about 12% overvalued in Canada.  Now this is a country mile from what the big banks were saying last year at this time, … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , | 11 Comments

The big question

I received this email today: “I have a question for your two cents – I figure Vancouver has a 20% + decline in it, but I can’t see any reason for the decline until mortgage rates rise. As long as … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , | 3 Comments

Ford sacks Toronto….and other signs of the times

Yesterday I made the following statement: “We will see austerity either willingly by our elected officials or in a roundabout manner through higher bond yields on our debt, consuming more of our tax base.  The accompanying attempt to curb public … Continue reading

Posted in Real Estate, Social trends | Tagged , , , , , , | 9 Comments

On credit, deflation, housing, and recovery…

I had a nice discussion with a good friend of mine the other day.  She knows my interest in economics and finance, and the discussion wound up making its way back to my main love, the future of the real … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , , | 14 Comments

Consumer confidence, leading indicators both falling

As noted before, perhaps the greatest difference between the US and the Canadian economy is not our ‘sound’ banking system nor out ‘conservative’ consumers, but rather the fact that we still have confidence in our short term economic prospects, while … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , | 1 Comment

The social fallout of a dying credit bubble

This post will ruffle feathers, but it’s not my intention.  I don’t mind speaking the unpopular messages when I have to.  Let me start by saying that I am a public sector employee.  I have nothing against the public sector … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , | 8 Comments

TD gets it. Do you?

One of the things that I can’t stress enough on this blog is the incredibly simple, yet incredibly powerful relationship between house prices, consumer spending (you can lump these first two under debt creation), consumer confidence, and job growth.  I’ve … Continue reading

Posted in Economy, Real Estate | Tagged , , , , | 1 Comment