20 April 2012
Canadian are at unprecedented levels of debt – 150% over average income The Key Interest Rates are at artificially low levels -1% The price of housing is at 4.5 Times average income (11x in Vancouver), higher than the historical mean of 3. Federal and Provincial authorities are providing very low standards for credit application – [...]
Posted in Canada Housing Bubble1 Comment
16 April 2012
1016 East 7th Ave, Vancouver MLS® Number V930461 Listing Price: $899,000 (notice the boarded up windows!)
Posted in Canada Housing BubbleComments Off
10 April 2012
From the previous post of the Canada housing bubble part 1, we showed that Canadians are stretched far beyond the limits of debt, with debt-income levels at similar levels to the United States before their housing collapse. However, the million dollar question is, for how long can this last? Before we can answer that question, [...]
Posted in Canada Housing Bubble0 Comments
08 April 2012
Real estate in Canada in recent years has seen some attractive appreciation despite the 2008 crash of us real-estate price. This trend of higher home prices has continued, especially for western provinces of Canada. Although, higher home price has been seen in other parts of the world, most notably; China, Australia and the UK. Although, [...]
Posted in Canada Housing Bubble2 Comments
Posted in Canada Housing Bubble, Videos0 Comments
26 March 2012
Lowering interest rates can potentially boost economic activity as it increases both speculation and exports by devaluating the currency. Its effects, are artificial and temporary, at best. New growth caused by cheaper money must come from somewhere, and as I pointed out in another article “Fiat Currencies” this money comes at the expense of the [...]
Posted in Canada Housing Bubble, US Dollar Collapse1 Comment
08 March 2012
Unions are considered advantageous to the worker, since their main functions include pushing for higher worker’s salaries and benefits. This, unfortunately, is an illusion: the extra jobs that must be created to administer the unions and the power that some unions acquire outweigh any benefits to the worker in hindsight with the whole local economy. [...]
Posted in Canada Housing Bubble0 Comments
11 February 2012
The first thing I learned in my Thermodynamics class as a young engineering student was that energy can neither created nor destroyed, only transferred. During the course of my research, I have seen how this concept applies equally to wealth: Wealth is neither created nor destroyed, it is only transferred. Depending on the current environment, [...]
Posted in Gold is money0 Comments
11 January 2012
As I stated in my previous article titled “Will there be a QE 3?”, weak market data coupled with negative market sentiment is being reflected in the stock market. 2011 was a dismal year for most stock investors. The chart below depicts the 2011 rate-of-returns for different asset classes. Also, our governments may decide to [...]
Posted in Canada Housing Bubble, Gold is money, US Dollar Collapse0 Comments
08 December 2011
What benefits a ‘part’ but devastates the ‘whole’ is ultimately detrimental to all components of the entity. A government policy that benefits one group of society while undermining the economy as a whole is destined for failure. To understand economics all interactions among all groups must be accounted for; the impact of a policy on [...]
Posted in US Dollar Collapse0 Comments
Canada Housing Bubble – Part 1
Effects of Low Interest Rates – Part 1
8 Top Economic Reasons For a Housing Correction in Canada
Cynthia: its only a matter of time!!!...
Cynthia: Good Post!...
Related Newspowered by Google News Just Better 1.2 plugin
