Tag Archives: canada

How important is construction to economic growth and employment across Canada?: Part 1

In a previous series we examined house prices relative to GDP growth across Canada.  That data seems to suggest that a significant level of overvaluation exists in many provinces from Ontario west (Quebec data was absent in that series).  Hopefully … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , , , | 56 Comments

Bank of Canada holds the line; Royal LePage releases ‘research report’; “Canadian 30 year olds are screwed!”

Bank of Canada holds the line Those with variable rate mortgages can breathe a sigh of relief as the Bank of Canada held the line on interest rates today, as expected, keeping the overnight rate at a paltry 1%. Despite … Continue reading

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

Measuring the potential economic impact of a housing bust

We do in fact live in unique times.  While we can disagree on exactly what the future holds for real estate in Canada and what implications (if any) this may have on the economy, we can not disagree on certain … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , | 6 Comments

“Housing: Real Insanity”…..Great article in Canadian Business

A quick note to my readers:  Posts will be a bit sparse over the next two weeks while the final bugs are worked out of the new site. Within a couple weeks, this blog will exist no more.  The transition … Continue reading

Posted in Real Estate | Tagged , , , , | 12 Comments

Is a Canadian first time home buyer’s strike in the works?

RBC releases first time home buyer survey As Australia wrestles with a housing bubble that dwarfs our own, home buyers in Australia have wisely clued in to the dangers of buying at such inflated prices and have been busy organizing a … Continue reading

Posted in Real Estate | Tagged , , , , , | 37 Comments

What are the implications?

I’m working on a neat series looking at the historical percentage of GDP derived from residential construction in different provinces and connecting that to the change in the percentage of the workforce employed in construction over time. It might give … Continue reading

Posted in Real Estate | Tagged , , , | 16 Comments

Another look at mass psychology, asset bubbles, and the Canadian real estate market

Understanding the driver of asset bubbles Perhaps the greatest distinction between those economists who have correctly identified asset bubbles in the past and those whose economic models failed to identify them is the ability of the former group to recognize … Continue reading

Posted in Real Estate | Tagged , , , , , , , | 61 Comments