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Olduvai III: Catacylsm
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“Canada: Irrational Exuberance?” Wild Housing Speculation Drives Entire Economy

“Canada: Irrational Exuberance?” Wild Housing Speculation Drives Entire Economy Everyone is afraid of breaking the addiction. Here’s another data point on the Canadian housing bubble, how immense it really is, and how utterly crucial wild housing speculation has become to the Canadian economy. Housing starts surged to 253,720 units in March seasonally adjusted, the highest […]

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There’s No Plateau in a Housing Bubble, Not Even in Canada

There’s No Plateau in a Housing Bubble, Not Even in Canada Vancouver in turmoil, Toronto spikes. Canadian house prices jumped 11.7% in September from a year ago, according to The Teranet–National Bank National Composite House Price Index released today. But the index papers beautifully over the dynamics in each metro. In six of the 11 […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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