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Tag Archives: Housing Bubble
“Canada Is In Serious Trouble” Again, And This Time It’s For Real
“Canada Is In Serious Trouble” Again, And This Time It’s For Real Some time ago, Deutsche Bank’s chief international economist, Torsten Slok, presented several charts which showed that “Canada is in serious trouble” mostly as a result of its overreliance on its frothy, bubbly housing sector, but also due to the fact that unlike the […]
Update on the Most Splendid Housing Bubbles in the US
Update on the Most Splendid Housing Bubbles in the US Everything spikes. Prices of houses and condos across the US surged 6.3% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for February, released this morning. The index is now 6.7% above the crazy peak of “Housing Bubble […]
Toronto’s Epic Housing Bubble Turns to Bust
Toronto’s Epic Housing Bubble Turns to Bust Prices of detached houses plunge C$207,000 from a year ago as sales collapse. After having ballooned for 18 years with barely a dip during the Financial Crisis, Toronto’s housing market, Canada’s largest, and among the most inflated in the world, is heading south with a vengeance, both in […]
Australia’s Housing Bubble Finally Popped?
Australia’s Housing Bubble Finally Popped? Australia’s mining towns are getting crushed. Not even Sydney is immune. Perth Investors Fear the Worst West Australia property investors are suffer as the mining slump lingers. Nearly One-Third Losing Money on Resale. A report from property research firm CoreLogic shows one-third of investors in Perth property lost money on […]
Loonie Spikes As Canadian Consumer Prices Surge
Loonie Spikes As Canadian Consumer Prices Surge Oh, Canada… growth is stagnating, housing bubbles imploding, and now inflation is surging… Canadian Consumer prices surge 2.2% YoY (well above expectations of +1.9% and January’s +1.7% YoY) Core prices – which exclude more volatile items like energy and are considered a gauge of inflation pressures – inched […]
Real Estate Bubbles: These 8 Global Cities Are At Risk
Real Estate Bubbles: These 8 Global Cities Are At Risk If you had $1 billion to spend on safe real estate assets, where would you look to buy? For many funds, financial institutions, and wealthy individuals, the perception is that the world’s financial centers are the places to be. After all, world-class cities like New […]
Rate Squeeze in Vancouver & Toronto Housing Bubbles
Rate Squeeze in Vancouver & Toronto Housing Bubbles Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates. The Bank of Canada raised interest rates another 25 basis points last week. It was the third time in the past six months. Rates have more than doubled in that time, going from 0.50% to […]
Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry
Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry We keep returning to the subject of Australia and the growing signs that its bubble economy is bursting. Earlier this month, we discussedhow the world’s longest-running bull market – 55 years – in Australian house prices appears to have come to an end. […]
Sweden: The World’s Biggest Housing Bubble Cracks
Sweden: The World’s Biggest Housing Bubble Cracks Sweden’s property bubble is probably the world’s biggest, despite which it gets relatively little coverage in the mainstream financial media – although that might be about to change. Warnings about this bubble are not new. In March 2016, Moody’s issued a very explicit warning that Sweden’s negative interest […]
The Unbearable Slowness of Fourth Turnings
THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS “The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the […]
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months Back in March, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it […]
Update on the Deflating Housing Bubble in Toronto
Update on the Deflating Housing Bubble in Toronto Missing Chinese money? Hardest hit is the priciest segment: detached houses. Home sales in the Greater Toronto Area plunged 35% in September compared to a year ago, to 6,379 homes. The plunge in volume was spread across all types of homes. Even condos got hit: Detached houses […]
Housing Bubble Symmetry: Look Out Below
Housing Bubble Symmetry: Look Out Below Housing markets are one itsy-bitsy recession away from a collapse in domestic and foreign demand by marginal buyers. There are two attractive delusions that are ever-present in financial markets: One is this time it’s different, because of unique conditions that have never ever manifested before in the history of […]
Toronto Home Price Bubble Descends into Bear Market
Toronto Home Price Bubble Descends into Bear Market With surprise rate hike, Bank of Canada turns against housing market. Home sales in the Greater Toronto Area, the largest housing market in Canada, plunged 34.8% in August compared to a year ago, to 6,357 homes, with sales of detached homes and semi-detached homes getting eviscerated: Sales […]
Next Brick to Drop on UK Economy: Housing Bubble Deflates
Next Brick to Drop on UK Economy: Housing Bubble Deflates London home prices are already tanking, as demand sags. The symbiotic sectors of construction and real estate have been a vital engine of economic growth in the United Kingdom for decades, but that could be about to come to an end. In the words of […]
