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Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues

Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues Home prices in Canada’s two largest metro areas have been red-hot for years. In May, the average selling price for all types of homes in the Greater Toronto Area jumped 11% from a year ago to C$649,600 on a 6% […]

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House prices may stay high in Canada: Here’s why

House prices may stay high in Canada: Here’s why Seemingly insatiable overseas demand is one of main reasons the gloom-mongers have been wrong A friend of mine sold her Toronto house because prices were so high. She didn’t want to get caught in the downdraft. If you’ve been listening to all the warnings from foreign […]

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Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis

Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis The latest example of Canadian politicians’ (in)action in regard to real estate prices getting out of control is the recent decision by the B.C. Premier Christy Clark, to reject the idea of raising taxes for overseas investors — despite a petition from her constituents that attracted some 25,000 signatures. “By […]

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‘Corrections In Progress’ In Most Canadian Housing Markets: Teranet

‘Corrections In Progress’ In Most Canadian Housing Markets: Teranet House prices fell in February in eight of 11 major housing markets measured by the Teranet/National Bank House Price Index. “In some markets there have clearly been corrections in progress,” National Bank senior economist Marc Pinsonneault said in a statement. “The monthly retreat in Calgary was the […]

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Some Toronto area gas stations run out of fuel

Some Toronto area gas stations run out of fuel Extreme weather blamed, but some analysts say Canada lacks refinery capacity Motorists are pulling up at some Toronto-area gas stations to find that the pumps are dry. The oil companies that supply fuel in the area have said it’s a temporary situation, caused by extreme winter […]

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In wake of Canada attacks, Toronto police drill for disaster | Reuters

In wake of Canada attacks, Toronto police drill for disaster | Reuters. (Reuters) – About 100 police, firefighters and other emergency workers held a disaster-response drill in downtown Toronto’s deserted financial district on Sunday following a week that saw two soldiers killed on Canadian soil. Security in normally relaxed Canada has been tighter in the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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