Tag Archives: real estate

“Housing: Real Insanity”…..Great article in Canadian Business

A quick note to my readers:  Posts will be a bit sparse over the next two weeks while the final bugs are worked out of the new site. Within a couple weeks, this blog will exist no more.  The transition … Continue reading

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

Tour through the board stats: March 2011

It’s that time of the month again.  Time to turn our eyes to the month end sales data from the big real estate boards.  Frankly these numbers may well be meaningless until a clear trend can be established next month.  … Continue reading

Posted in Real Estate | Tagged , , , , , , , , | 26 Comments

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

Posted in Economy, Real Estate | Tagged , , , , , , , , , | 15 Comments

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

Posted in Real Estate | Tagged , , , , , , , , | 41 Comments

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

Posted in Real Estate | Tagged , , , , , , , , , | 37 Comments

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