Tag Archives: CMHC

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

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

CMHC feeling the heat

CMHC feeling the heat If you’ve read this blog for any time now, you’ll know my position on CMHC policies:  They are inherently self-defeating and act as the enabler to Canada’s housing addiction.  Most concerning, CMHC guarantees over half a … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , | 32 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

Employment number misses consensus; US consumers cutting back….will Canadians follow?; Another great CMHC video

Employment misses consensus Stats Canada released their most recent employment numbers today.  The headline stat reported in most media outlets is the 15,000 net new jobs created in February.  However, aside from that stand-alone headline, the report is actually very … Continue reading

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

Lessons in mass psychology courtesy of the RBC housing survey….Does it also point to a potential buyer drought later in 2011?

Glimpses into mass psychology RBC released a housing survey yesterday.  It is full of mostly useless information, but there were a few tidbits that jumped out at me. First of all, the survey notes that 90% of Canadians still feel … Continue reading

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New Video Primer- CMHC

The 4th primer on the role of CMHC in inflating Canadian house prices has now been turned into a video.  Enjoy.

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

Primer #7: Housing envy and the ‘Joneses’…How a realignment in consumer expectations will pull at aggregate house prices

“A house may be large or small; as long as the surrounding houses are equally small it satisfies all social demands for a dwelling. But if a palace rises beside the little house, the little house shrinks into a hut.” … Continue reading

Posted in Economy, Primers, Real Estate, Social trends | Tagged , , , , , , , , , , , , , , , , | 45 Comments

Housing starts flatline; Remax discusses past real estate performance; CREA updates 2011 housing forecast; China raises interest rates

Housing starts flatline CMHC released their January 2011 housing starts data today.  Seasonally adjusted housing starts were virtually unchanged from December 2010 numbers, but down significantly from both the 12 month average and last January’s numbers. From BMO: It’s worth … Continue reading

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Misleading averages: Where the economic pain of a housing bust would be felt

I’ve gotten my hands on the Capital Economics report and will be making another post about it later today.  Also, it’s that the time of the month when we disect the most recent board stats.  I’m hoping to get that … Continue reading

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