Tag Archives: debt

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

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

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

God forbid they’d actually have to save…

How to buy your kids a house This is the title of an article in the Financial Post from this weekend.  Chalk this one up to a sign of the times. Many Baby Boomers have paid-for homes, while their grown … Continue reading

Posted in Economy, Social trends | Tagged , , | 22 Comments

Revisiting predictions: Commodities still hanging tough, public sector unions under fire, European debt crisis intensifies, interest rate predictions

Revisiting predictions Now two full months into the new year, it’s worth stopping for a moment and taking stock of how things are shaping up.  You’ll recall that I made some predictions for 2011 back at the beginning of January.  … Continue reading

Posted in Economy, Social trends | Tagged , , , , , , , , , , , , , , , , , , , | 7 Comments

”I should be very worried about Canada” -Paul Krugman

Well the monthly round-up is consuming a bit more time than expected.  I’m hoping to release the final numbers tomorrow instead. However, I would like to quickly highlight a very brief blog entry by Nobel Prize winning economist Paul Krugman.  … Continue reading

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

Debt Crunch: A look at Canada’s record level of household debt

Action Canada Task Force releases final report The Action Canada Task Force on Canadian Household Debt released their final report on Friday.  The report echoes many of the concerns I have expressed on this site, namely that high debt levels … Continue reading

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

Public sector and their unions put on notice; Humourous commentary about ‘bubblebloggers’

Public sector and their unions put on notice I can’t help but think that the coming age of Canadian austerity will likely begin in Ontario.  After right-wing, union-busting Rob Ford captured the former liberal stronghold of Toronto with a ‘Stop … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , , , , , , , , , , , | 34 Comments

Canada: A nation of marshmallow eaters?

Anyone who frequents this blog knows that I love exploring consumer psychology, group think, and how they change over time.  We know that in order for an asset class to deviate markedly from its long-term measures of fundamental value and … Continue reading

Posted in Economy, Social trends | Tagged , , , , , , , , | 21 Comments

Report highlights from ‘The Current State of Canadian Family Finances’

The Vanier Institute of the Family released their annual Current State of Canadian Family Finances report earlier this week.  It is well worth highlighting their important findings: Unemployment rate misleading:  Considering the ‘hidden unemployed’ The report does an excellent job … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , , , , , , | 18 Comments