Home » Posts tagged 'housing market' (Page 6)
Tag Archives: housing market
Canada Housing Regulator Warns Of “Strong Evidence Of Housing-Market Problems”
Canada Housing Regulator Warns Of “Strong Evidence Of Housing-Market Problems” In an perculiar coincidence, just hours after Home Capital Group imploded in what we dubbed Canada’s “New Century” moment, Canada’s housing regulator, the Canada Mortgage And Housing Corporation, which describes itself as “contributing to the stability of the housing market and financial system” moments ago […]
Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History
Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History Call it Canada’s “New Century” moment. We first introduced readers to the company we said was the “tip of the iceberg in Canada’s magnificent housing bubble” nearly two years ago, in July 2015 when we exposed a major problem that we predicted […]
So China’s Authorities Crack Down on Housing Speculation?
So China’s Authorities Crack Down on Housing Speculation? Who’s Behind China’s Wild House Price Bubble? State-Owned Property Developers, Funded by State-Owned Banks. Beijing’s municipal government summoned representatives of state-owned property developers on Monday and told them to stop hyping the already overheated housing market, according to the portal, Chinese Real Estate Business (CREB), cited by […]
Toronto homeowners cash out of hot real estate market amid uncertainty
Toronto homeowners cash out of hot real estate market amid uncertainty Agent says some buyers are delaying purchases in anticipation of possible fixes Many buyers and sellers are waiting to see what will come of Tuesday’s scheduled meeting between Finance Minister Bill Morneau, Ontario Finance Minister Charles Sousa and Toronto Mayor John Tory, who are […]
Toronto House Price Bubble Goes Nuts
Toronto House Price Bubble Goes Nuts Based on fundamentals? You gotta be kidding. Residential property sales in Greater Toronto soared 17.7% year-over-year to 12,077 homes, according to the Toronto Real Estate Board (TREB). New listings jumped 15.2% to 17,052. Prices for all types of homes, based on the MLS Home Price Index Composite “Benchmark,” soared […]
“This Is Going To Blow Sky High” – Observations On Canada’s Housing Market
“This Is Going To Blow Sky High” – Observations On Canada’s Housing Market For months we’ve been warning about real estate bubbles re-emerging in various markets around the world from Canada to Australia (see “There Are 66,719 Empty Mansions In Vancouver” and “Vancouver Home Sales Crash 40%, As Toronto Home Prices Soar 22%“). And while […]
How Much Money Laundering is Going On in the Housing Market? A Lot
How Much Money Laundering is Going On in the Housing Market? A Lot Answers trickle in. Tough luck for New York, San Francisco, Miami… “I am shocked – shocked – to find that money laundering is going on in here!” – Borrowed and twisted from Casablanca. The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced on Thursday that […]
A Murderous Complacency
A Murderous Complacency Dark omens are circling everywhere in today’s markets murder: a flock of crows ~ Miriam-Webster dictionary Many view the appearance of crows as an omen of death because ravens and crows are scavengers and are generally associated with dead bodies, battlefields, and cemeteries, and they’re thought to circle in large numbers above sites where […]
Wolf Richter: The Economy Is Cracking Under Too Much Debt
Wolf Richter: The Economy Is Cracking Under Too Much Debt Housing, restaurants & retail are suffering Wolf Richter joins the podcast this week to discuss the deterioration of the global macro situation, and how he is seeing growing signs of recession breaking out across the economy: I think that was one of the biggest mistakes […]
Canada Moves To Burst Housing Bubble, Closes Foreign-Buyer Loophole
Canada Moves To Burst Housing Bubble, Closes Foreign-Buyer Loophole In a move which many Canadians, especially those who have been persistently priced out of the housing market, welcomed with open arms, overnight Finance Minister Bill Morneau unveiled new measures aimed at slowing the flood of foreign money pouring into overheated housing markets like Vancouver and […]
Foreign Buying Plummets In Vancouver: Sales To Foreigners Crash 96%
Foreign Buying Plummets In Vancouver: Sales To Foreigners Crash 96% China’s favorite offshore money laundering hub is officially no longer accepting its money. According to data released by British Columbia’s Ministry of Finance on Thursday, foreign investors officially disappeared from Vancouver’s property market last month after the local government imposed a 15% surcharge to curb a […]
Sorry Losers!
Sorry Losers! By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers. Sorry! I’m one, too, if that helps soften the blow. But we have a lot of company. Other losers include: Savers Anyone with money in a […]
Fear Spreads of a Housing Crash in Canada
Fear Spreads of a Housing Crash in Canada More Canadians sour on their Magnificent Housing Bubble. Canadians have been gung-ho about their magnificent housing bubble, feeding it with an endless willingness to pay every higher prices, even as regulators and international institutions issued warnings, as short sellers began circling, as subprime liar-loan scandals made their reappearance, and […]
Ottawa sets up working group to monitor housing market
Ottawa sets up working group to monitor housing market Finance Minister Bill Morneau says he will work with cities and provinces to get more and better data Policymakers are looking at all the tools at their disposal to take care of the housing market. (David Donnelly/CBC) The federal government plans to work with British Columbia […]
Canadian housing market hits $508,097 average price in April as sales rise to record
Canadian housing market hits $508,097 average price in April as sales rise to record Average Canadian house price up 13% in April, but wide regional variances remain Canada’s housing market hit new all-time records both for the average price and the number of homes sold in April. (Associated Press) Canada’s housing market continues to set […]
