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Protests in Canada – Interesting Approach
Protests in Canada – Interesting Approach
The Most Splendid Housing Bubbles in Canada Deflate Further
The Most Splendid Housing Bubbles in Canada Deflate Further Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In Greater Vancouver, BC, Canada, house prices fell 0.4% in April from March, the ninth month in a row of month-to-month […]
Toronto Will Explore Suing Big Oil for Climate Costs
Toronto Will Explore Suing Big Oil for Climate Costs Toronto could be the next major city to file a climate liability suit to recoup climate costs from the fossil fuel industry. Photo credit: City of Toronto Toronto became the latest city to explore possible litigation to make fossil fuel companies pay for the costs of […]
Toronto Home Prices Just Plunged At A Rate Not Seen Since 1996
Toronto Home Prices Just Plunged At A Rate Not Seen Since 1996 A seismic shift is currently underway in the Toronto real estate market which may have finally pricked Canada’s biggest bubble. In October, home prices plunged at the fastest pace in more than two decades, according to new data published by Statistics Canada. Statistics Canada’s Price Index for new […]
“Colonizing Experiment in Surveillance Capitalism”: Privacy Expert Resigns From Google-Backed Smart City Project Over Surveillance Concerns
“Colonizing Experiment in Surveillance Capitalism”: Privacy Expert Resigns From Google-Backed Smart City Project Over Surveillance Concerns A privacy expert tasked with protecting personal data within a Google-backed smart city project has resigned as her pro-privacy guidelines would largely be ignored by participants. “I imagined us creating a Smart City of Privacy, as opposed to a Smart City […]
CMHC Finds Irrational Exuberance in Vancouver & Toronto
CMHC Finds Irrational Exuberance in Vancouver & Toronto There is much to learn from financial mania’s. In particular, the role of human behaviour responsible for inflating asset prices to previously unimaginable heights. Economist Robert Schiller has done some excellent work on this topic in his book Irrational Exuberance. In essence, Schiller highlights a few key […]
CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War
CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War Have you ever woke up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of text messages, trying to figure out where you went wrong? Well that’s what […]
Loonie Tumbles After Ugly Canadian Data: Worst Toronto Retail Sales In 3 Years
Loonie Tumbles After Ugly Canadian Data: Worst Toronto Retail Sales In 3 Years The synchronized economic slowdown has hit again, this time striking America’s latest trade war opponent, Canada, which moments ago reported some very ugly inflation and retail sales data. First, on the inflation front, Canadian CPI rose just 2.2% in May from 2.1% […]
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 […]
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, […]
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 […]
Toronto’s Epic Housing Bubble Turns to Bust
Toronto’s Epic Housing Bubble Turns to Bust Prices of detached houses plunge C$207,000 from a year ago as sales collapse. After having ballooned for 18 years with barely a dip during the Financial Crisis, Toronto’s housing market, Canada’s largest, and among the most inflated in the world, is heading south with a vengeance, both in […]
Home Prices Sink, Sales Plunge in Toronto
Home Prices Sink, Sales Plunge in Toronto Homeowners who bought a year ago are down C$110,000 on average. Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously […]
Real Estate Bubbles: These 8 Global Cities Are At Risk
Real Estate Bubbles: These 8 Global Cities Are At Risk If you had $1 billion to spend on safe real estate assets, where would you look to buy? For many funds, financial institutions, and wealthy individuals, the perception is that the world’s financial centers are the places to be. After all, world-class cities like New […]
Rate Squeeze in Vancouver & Toronto Housing Bubbles
Rate Squeeze in Vancouver & Toronto Housing Bubbles Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates. The Bank of Canada raised interest rates another 25 basis points last week. It was the third time in the past six months. Rates have more than doubled in that time, going from 0.50% to […]
