Tag Archives: house prices

How important is construction to economic growth and employment across Canada?: Part 2

In part 1 of this series we looked at construction employment as a percentage of total employment, and residential construction as a percent of GDP for all provinces from BC east to Ontario. If you haven’t read that post, make … Continue reading

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A regional look at Canada’s housing bubble: Part 2

Note to my readers:  Due to some technical problems, I was not able to make any posts this weekend.  My apologies. In part 1 of this mini series, we examined house prices from BC east to Ontario.  Today we will … Continue reading

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A regional look at Canada’s housing bubble: Part 1

Introduction I recently highlighted the fact that aggregate Canadian house prices appear to be significantly overvalued relative to GDP per capita (one of the key determinents of income….all things being equal, higher income levels should equate to higher house prices). … Continue reading

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House prices: Examining inflation and supply/demand factors

I continue to work with some CREA data to find historic relationships between house prices and other factors.  I posted earlier on the historic correlation between house prices and per capita GDP, which shows significant overvaluation on a nation wide … Continue reading

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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

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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

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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