Tag Archives: credit

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

Credit risk across the nation: Who’s most at risk from an interest rate shock?

TD has come out with a very fascinating report in which they’ve assessed the financial vulnerability of households across the country.  It’s full of interesting data, though some of them certainly questionable.  Perhaps most interestingly, they have made easily available a … Continue reading

Posted in Economy, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , | 21 Comments

The ownership society

Ownership society and the American/Canadian dream ”We’re creating… an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece … Continue reading

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

Is Canada awash in savings? Does all debt represent someone else’s asset?

Note to my readers: A trusted and very knowledgeable reader has pointed out some potentially significant (and inadvertent) misrepresentation of data contained in this post.  Alas, I am human, and this blog represents my thoughts and insights into the current … Continue reading

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

Household credit analysis: What the boom looks like before the bust

CIBC released their latest household credit analysiss report yesterday.  It is full of interesting data points.  Though nothing in the report is particularly shocking for anyone who has been reading this blog and is aware of the ongoing credit bubble … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , , , , , , | 5 Comments

Asset bubbles according to Jeremy Grantham: Applications to the Canadian real estate market

Intro Jeremy Grantham is a living stock market legend.  He is a deep value investor who has brought new concepts to the world of stock market investing.  He championed the ‘small cap value’ approach and has a stellar track record.  … Continue reading

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

More thoughts on CAAMP report; RRSP use among younger generation at record lows;

Economic dynamics revisited I recently took issue with a statement made by Will Dunning in the most recent CAAMP report.  Mr. Dunning made the dubious claim that housing demand has been created by strong employment.  Without a doubt that statement has … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , , | 13 Comments

CAAMP puts the cart before the horse

New CAAMP report The Canadian Association of Accredited Mortgage Professionals was already in damage control mode prior to Flaherty’s mortgage rule change announcement.  Earlier in the week, CAAMP chief economist Will Dunning released a report titled, ‘Good Lord please don’t … Continue reading

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

Survey of Forecasters data; From stimulus to restraint; China’s empty malls

Survey of Forecasters The Conference Board of Canada has released their 2011 survey of economic forecasters (subscription required) in which they surveyed economists about the growth prospects for the Canadian economy in 2011. The average analyst estimate for final 2011 … Continue reading

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Watching for signs of a deflating Canadian debt/real estate bubble

One of the favourite pastimes of those who acknowledge the existence of a credit bubble in Canada (self included) is predicting what will cause its demise and what might give us an early indicator of debt fatigue. What will cause … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , , , , | 37 Comments