Housing bubbles: Vancouver a likely suspect
Filed Under Main Content · Tagged: Bubbles, Globe And Mail, Greater Vancouver Area, Housing Market, Mls, National Basis, Single Family
The Globe and Mail- I can never figure out the Vancouver housing market. On a national basis, September home sales gained 3 per cent, the second monthly gain in a row, while prices were down slightly as compared to year-ago levels.
However, sales are still down 20 per cent year-over-year, with sales in B.C. off by 36 per cent. But in September, the average MLS price for a single family home in the Greater Vancouver area stood at $679,381 – that is more than two times the national average of $331,089. ..
Housing bubbles: Vancouver a likely suspect – The Globe and Mail
Low rates fuel household debt
Filed Under Main Content · Tagged: Bank Of Canada, Canada Environment, Canadians, Household Debt, Interest Rate Environment, Ottawa Citizen, Td Economics
Ottawa Citizen- Canadians are carrying far too much debt relative to what they earn, and the problem is only going to get worse if the Bank of Canada maintains a low-interest rate environment over the next few years, a report from TD Economics warned Wednesday…
Resale housing prices slip in capital region
Filed Under Main Content · Tagged: Bungalow, Central Ottawa, Condominium Apartment, Housing Market, Housing Prices, Neighbourhoods, Ottawa Citizen, Ottawa Housing, Quarters, Real Estate Values, Recession, South Ottawa, Survey
Ottawa Citizen- Prices slipped across Ottawa’s resale housing market in the third quarter of 2010, eroding some of the city’s big post-recession gains in real estate values, a survey shows.
The Royal LePage survey of three housing types in six neighbourhoods released Thursday showed average prices falling or stagnant in 14 of 18 examples.
Three of the four examples that showed increases between the second and third quarters of 2010 were modest, $1,000 rises that brought the average price of a condominium apartment to $321,000 in central Ottawa, a two-storey house to $316,000 in south Ottawa and a bungalow to $296,000 in Orléans…
Resale housing prices slip in capital region
Canadian debt a ‘growing cause for concern’
Filed Under Main Content · Tagged: 1980s, Alarming Rate, Alexander, Bank Of Canada, Canadians, Chief Economist, Craig Alexander, Debt Accumulation, Household Debt, Interest Rate Environment, Personal Disposable Income, Td Economics
Times Colonist- Canadians are carrying far too much debt relative to what they earn, and the problem is only going to get worse if the Bank of Canada maintains a low-interest rate environment over the next few years, a report from TD Economics warned Wednesday.
Craig Alexander, chief economist with TD Bank, said household debt as a share of personal disposable income has tripled since the 1980s, to 146% from 50%, with debt accumulation accelerating at an alarming rate especially since 2007…
