Archive | Housing Bubble

8 Top Economic Reasons For a Housing Correction in Canada

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 […]

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Overpriced Vancouver Homes

1016 East 7th Ave, Vancouver MLS® Number V930461 Listing Price: $899,000 (notice the boarded up windows!)

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Canada Housing Bubble – Part 2

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, […]

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Canada Housing Bubble – Part 1

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, […]

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Rich Asians Buying Real Estate By Helicopter

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Effects of Low Interest Rates – Part 1

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 […]

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Why Unions are Bad – A Quebec Case Study

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. […]

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Economic Forecast for 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 […]

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