The most expensive housing market in the world: Vancouver levies a $10,000 a year tax on empty homes. Not telling the truth and it becomes $10,000 a day.
While many areas of the US are now back near housing bubble territory after correcting, Canada never corrected and today has seen real estate values inch into the stratosphere. Global wealth, largely from China is fueling the flames of the Canadian housing bubble. While many that live in areas like Vancouver are frustrated in finding […]
China owns the Canadian real estate market: Chinese account for one-third of all Vancouver home sales volume in 2015.
he Canadian housing market makes the U.S. housing bubble seem like a tiny pricing discrepancy. There have been talks for years that Chinese investors were buying up desirable properties around the globe and many pundits pushed these fears aside. Their claim was that only a tiny portion of the market was made up by investors. […]
The Canadian housing market will implode in dramatic fashion: 5 charts highlighting the inevitable pop to Canada’s real estate boom.
The Canadian housing market is deep into bubble territory. We all know that bubbles can go on for longer than most people think. But with the crash in oil prices and people fully believing their own hype, the market is setup for a big fall from grace. It is interesting how most from the outside […]
The coming deleveraging for Canada – Unit labor costs in manufacturing above US labor costs and household debt-to-income at 160 percent.
Our neighbors to the north in Canada are going to face a serious deleveraging shortly. This isn’t hyperbole or some off the wall call but based on evidence of what happens when economies get into too much back breaking debt. If the largest trading blocs, the US and Europe had to have their day of […]