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Tag Archives: housing market
Booming Stocks, Booming Home Prices, Booming Risk of Collapse
Booming Stocks, Booming Home Prices, Booming Risk of Collapse The American Dream of home ownership is once again on its death bed. Home prices have dramatically increased in price, rising from their 2012 lows by a stunning 75%, with the average median home price now resting at $245,000! This is up 4.5% over the last […]
Canada’s Real Estate Sector Faces Difficult Transition
Canada’s Real Estate Sector Faces Difficult Transition The great Canadian real estate bull market has pushed home prices to dizzying heights over the past two decades. And with ever-rising prices it has sucked in more capital and resources creating an almost self enforcing feedback loop, where an entire economy has become dependent on rising house […]
Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets
Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets Despite persistent and false memes to the contrary. When a housing downturn gets big enough, there will be a mortgage crisis, and it will hit banks, shadow banks, and mortgage insurers no matter what the mortgage laws are: […]
City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers
City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers As we’ve pointed out time and time again, foreign – mainly Chinese – buyers seeking to park their ill-gotten gains beyond the reach of the Communist Party have – in addition to global capitals like New York City and London – favored a handful […]
How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide
How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide The “waterbed effect” of money flows. Top residential real estate brokerages in the US have been promoting US homes to investors in China for years. Brokerage firms in Canada, Australia, New Zealand, and other countries have […]
Toronto’s House Price Bubble Not Fun Anymore
Toronto’s House Price Bubble Not Fun Anymore Average price of single-family house plunges 13%, or by C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on. Housing in the Greater Toronto Area is, let’s say, retrenching. Canada’s largest housing market has seen an enormous two-decade surge in prices […]
Canadian Banks See Mortgage Growth Stall As Interest Rates Rise
Canadian Banks See Mortgage Growth Stall As Interest Rates Rise As anybody who was around for the housing collapse will remember, nothing bursts a bubble in home prices faster than rising mortgage rates. And while US home prices have surpassed their pre-crisis peak, Canadian home prices have risen much more quickly than home prices in […]
The 3 Stage Housing Bubble Collapse
The 3 Stage Housing Bubble Collapse Most Americans don’t know, but the housing market is heading toward another epic bubble. However, the bubble forming today is much different than the subprime housing meltdown in 2007. Back in 2007, there was an oversupply of homes, whereas today there is a shortage. With more buyers than sellers […]
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire Day of Reckoning: Hundreds of thousands of interest-only loan terms expire each year for the next few years. The Reserve Bank of Australia (RBA), Australia’s central bank, warns of a $7000 Spike in Loan Repayments as interest-only term periods expire. Every year for […]
BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt
BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave […]
Toronto’s Splendid Housing Bubble Turns to Bust
Toronto’s Splendid Housing Bubble Turns to Bust Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months. Home sales in the Greater Toronto Area (GTA), Canada’s largest housing market, and among the most inflated in the world, plunged 32% in April, compared to a year ago, to 7,792 homes, […]
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 […]
Canada Home Prices Fall from Year Ago for First Time since 2009
Canada Home Prices Fall from Year Ago for First Time since 2009 The magnificent house price bubble wheezes. With 2017 mortgage pre-approvals having now expired, the first wave of buyers facing OSFI’s ground breaking mortgage regulations are being put to the test. The regulations, also known as B-20, require all borrowers to pass a stress […]
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 Tests 2018 Lows As Canada Existing Home Sales Crash To 5 Year Lows
Loonie Tests 2018 Lows As Canada Existing Home Sales Crash To 5 Year Lows The Canadian Dollar dropped, testing the lows of 2018, following CREA data showing existing home sales crashed to the lowest since 2013 and price appreciation slowed dramatically. Home sales via Canadian MLS® Systems were down 6.5% in February. This marks the […]
