Canada’s housing bubble makes America’s look tiny

Here is an interesting analysis in Maclean’s magazine discussing the Canadian housing situation with respect to the continual call for a bubble-namely that housing prices will drop precipitously at some point or another. The problem with all these analyses There is, however, a problem with many of these analyses. Case in point Read More

Canadian banks’ mortgage guidelines favour foreign home buyers

A recent report in the Globe & Mail highlights the lending practices with respect to foreign buyers of Canadian real estate. Reading this article is very disturbing. It claims that there is an unwritten bias towards high net worth foreigners who can qualify for mortgages that Canadians would not qualify Read More

Canada-an economic snapshot on how things have changed

It’s very interesting. This article that appeared in the Globe & Mail summarizes the current economic situation in Canada: Canada’s a real estate nation, just waiting for a crash. Canada has moved from being a somewhat industrialized nation to a nation that is now more than somewhat dependent on real Read More

Peter Routledge – comments on how a decline in housing prices would affect the banks

Here is an interview with an analyst at National Bank Financial. The interesting thing about this interview is how the analyst, Peter Routledge, manages to add little to the discussion. If you listen to him you’ll see. Housing prices will drop if they drop and housing prices will go up if Read More

Taipei rising: will new tax reforms signal a real estate comeback?

Taiwan’s, and in particular, Taipei’s housing prices have increased at rates which made Toronto and Vancouver’s price increases seem anemic. The government introduced a luxury tax of 15% a few years ago (sound familiar?). The luxury tax had unintended consequences on the Taipei real estate market and created distortions in housing Read More