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 average mean of two to there. Federal and Provincial authorities are providing very low standards for […]
Archive | Housing Bubble
8 Top Economic Reasons For a Housing Correction in Canada
Posted on 20 April 2012.
Posted in Housing Bubble14 Comments
Overpriced Vancouver Homes
Posted on 16 April 2012.
1016 East 7th Ave, Vancouver MLS® Number V930461 Listing Price: $899,000 (notice the boarded up windows!)
Posted in Housing BubbleComments Off on Overpriced Vancouver Homes
Canada Housing Bubble – Part 2
Posted on 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 Housing Bubble259 Comments
Canada Housing Bubble – Part 1
Posted on 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 Housing Bubble22 Comments
Rich Asians Buying Real Estate By Helicopter
Posted on 30 March 2012.
Posted in Housing Bubble20 Comments
Effects of Low Interest Rates – Part 1
Posted on 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 Housing Bubble, US Dollar Collapse425 Comments
Why Unions are Bad – A Quebec Case Study
Posted on 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 Housing Bubble1,715 Comments
Economic Forecast for 2012
Posted on 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 Gold and Silver, Housing Bubble, US Dollar Collapse28 Comments
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