Home » Posts tagged 'housing market' (Page 5)
Tag Archives: housing market
The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy
The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy Early this month, we discussed whether the world’s longest running bull market – 55 years – in Australian house prices had come to an end. This was UBS’s view following the October 2017 monthly report on Australian house prices from CoreLogic suggested that measures to tighten […]
Betrayal!
Shutterstock Betrayal! The pervasive & defining crime of our age Let me apologize in advance for what may be an upsetting piece of writing for some of you. If you’re in a state of shock or exhaustion from recent events, perhaps you should skip this one. I don’t offer this analysis in order to further […]
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 […]
Volatility in Housing: What Surges & Crashes the Most?
Volatility in Housing: What Surges & Crashes the Most? It depends on the value of the home. What happens to home prices during the current housing boom and the next housing bust depends to some degree on whether the home is relatively “affordable” — whatever that means at today’s prices — or more expensive. This […]
What slowdown? Vancouver and Toronto real estate markets still hot and unaffordable for many
What slowdown? Vancouver and Toronto real estate markets still hot and unaffordable for many Housing prices are once again climbing in Vancouver and Toronto may soon follow Emelia Symington Fedy with her partner, Christie Watson, and two children in Vancouver — the city the family is leaving because they can’t afford to live there. (Emelia […]
Toronto Housing Market Implodes: Prices Plunge Most On Record
Toronto Housing Market Implodes: Prices Plunge Most On Record Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut: And yet, In early May we wrote that “The Toronto Housing Market Is About To Collapse“, when we showed the flood of new home listings that had hit the market the market, […]
Canadian Home Sales Crash In June
Canadian Home Sales Crash In June The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline. This is the third monthly decline in a row… Under the covers, it’s Toronto that is suffering the most… Toronto existing home sales drop […]
China’s “Ghost Collateral” Arrives In Canada, “Heralding A Crisis”
China’s “Ghost Collateral” Arrives In Canada, “Heralding A Crisis” Two weeks ago, a key China-linked concern that made headlines back in 2013 and 2014 reemerged after an extensive analysis by Reuters reporter Engen Tham found that China’s “ghost collateral” problem, or collateral that was either rehypothecated between two or more loans, or simply did not […]
All Heck Breaks Loose in Toronto’s House Price Bubble
All Heck Breaks Loose in Toronto’s House Price Bubble “It’s fear.” During the first two weeks in May, according to preliminary data from Toronto Real Estate Board, home listings surged 47% from the same period last year even as sales plunged 16%. The average selling price dropped 3.3% from April – and this, after a 33% […]
‘The worst scenario’: What if Canada’s real estate bubble bursts?
‘The worst scenario’: What if Canada’s real estate bubble bursts? A repeat of Toronto’s 1989 crash could have devastating effects on the entire economy Builders work on a new home in North Vancouver in 2016. The average home price in Canada climbed by 10 per cent to $559,317 in April, the Canadian Real Estate Association […]
The Toronto Housing Market Is About To Collapse By This Measure
The Toronto Housing Market Is About To Collapse By This Measure With the collapse of Home Capital Group focusing the world’s attention on the Canadian real estate market, nowhere is the subprime debt time bomb more likely to go off than Toronto, which as we recently noted “has gone nuts.” Even Bank of Canada Governor […]
The Sound of One Wing Flapping
The Sound of One Wing Flapping And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin […]
This Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One Week
This Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One Week In the beginning it was a slow pace, then it became a casual jog. Then, starting early last week, the jog morphed into a full-blown run, and – as of the past 3 days – the withdrawal of […]
