Tag Archives: canada

David Madani on CBC’s “The Lang and O’Leary exchange”

You may recall that David Madani from Capital Economics released two reports earlier this year which were exactly in line with the preditions on this blog.  In the first report, he outlined his concerns about the Canadian real estate market, focusing on … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , | 10 Comments

House prices and per capita GDP: A sure sign of a bubble?

I’m currently working with some data to show the historic relationship between house prices in Canada and various other factors such as inflation, population growth, immigration, income, mortgage debt, rents, etc.  I’ll share the data as I complete it and … Continue reading

Posted in Real Estate | Tagged , , , , , , | 22 Comments

Scotia on the ‘Tapped out’ consumer; TD on Ontario’s debt problems

The ‘tapped out’ consumer Scotia economics has reiterated a call that I’ve been sticking to all year:  The Bank of Canada will be highly hesitant to raise rates later this year…..if at all.  But for the housing bulls who frequent … Continue reading

Posted in Economy | Tagged , , , , , , , , , , , , | 17 Comments

Understanding The Economist data on Canadian housing

I have to apologize for my short posts lately. I will be back to more in depth analysis shortly, but this is a very busy time for me. I would like to very quickly discuss the cool interactive global property … Continue reading

Posted in Real Estate | Tagged , , , , , , | 10 Comments

Steve Keen discusses debt, housing, and the economy

Steve Keen is a professor at the University of Western Sydney and is the author of several great books on economics.  He also writes the fantastic economics blog, “Debt Deflation“.  If you aren’t familiar with his work, you owe it … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , | 4 Comments

Reckoning day for the mortgage market?; More on the price/rent ratio

Reckoning day for the mortgage market? Today’s the day that the axe falls on the 35 year amortization mortgage.  As of today, being approved for a mortgage gets just a little tougher.  In addition, the amount of home equity that … Continue reading

Posted in Real Estate | Tagged , , , , | 52 Comments

Why the housing market is now almost entirely at the mercy of the bond vigilantes

Understanding the Mortgage Qualifying Rate I apologize in advance for a short post. I want to highlight a great article over at Move Smartly in which the author nicely explains the Mortgage Qualifying Rate. Basically, since April of 2010 when … Continue reading

Posted in Real Estate | Tagged , , , , , | 17 Comments

B of A / Merril Lynch on Canadian housing…part 2

We’re discussing the questionable findings of a Bank of America Merril Lynch report titled “Our Homes Have Four Walls” in which they argue that strict lending standards and the generally conservative nature of the Canadian consumer will allow house prices … Continue reading

Posted in Real Estate | Tagged , , , , , , , | 18 Comments

Bank of America Merill Lynch weighs in on Canadian real estate

Bank of America Merill Lynch has released a new report about Canadian real estate titled, “Our Homes Have Four Walls“.  Hat tip to Dylan for emailing this to me. The main conclusion of the report is as follows: “Valuation metrics … Continue reading

Posted in Real Estate | Tagged , , , , , , | 34 Comments

Exploring what a ‘hard landing’ in China would mean for the Canadian economy

This is the title of a fascinating new report by TD economics.  I have long warned that the possibility of a hard landing in China remains the greatest black swan event for the Canadian (and world) economy. …The Canadian economy … Continue reading

Posted in Economy | Tagged , , , , , , | 5 Comments