Report warns of housing bubble threat
Filed Under Main Content · Tagged: Canada Share, Canadians, Cheap Money, Downturn, Easy Access, Economic Recovery, Economists, Edward Jones, Fehr, Globe And Mail, Home Ownership, Housing Bubble, Housing Market, Kate Warne, Mail Canada, Rapid Recovery, S Real Estate, Shaky Ground, Speculators, Unemployment
The Globe and Mail- Canada’s housing market is looking increasingly like a bubble in the making, Edward Jones said today in a report.
“Canada’s housing market escaped the recent severe downturns in the US and other countries. However, today’s conditions in Canada share some characteristics of those countries prior to their downturns, leading us to take a cautious stance on housing investments,” wrote analysts Kate Warne and Craig Fehr, adding that Canadians should prepare for “the possible impact” of a housing downturn.
An asset bubble forms when cheap money causes speculators to flood into a market, driving prices higher despite weak underlying fundamentals. With unemployment high and the economic recovery on shaky ground, the rapid recovery of Canada’s real estate market has many economists concerned that prices could head lower. Prices have gained almost 20 per cent in the last year, as a lack of inventory and easy access to cheap money has propelled Canadians toward home ownership…
Report warns of housing bubble threat – The Globe and Mail
BC home prices could hit new highs in 2010
Filed Under Main Content · Tagged: 2010 Vancouver, Bc Housing, Downturn, Housing Sales, Losses, New Highs, Rebound, Recession, Vancouver Sun
Vancouver Sun- The rebound in BC housing sales from the recession is the strongest on record, Central 1 Credit Union said Tuesday, predicting that property prices will regain all of their downturn losses by the end of this year…
B.C. home prices could hit new highs in 2010
B.C. home prices could hit new highs in 2010
Filed Under Main Content · Tagged: Downturn, Housing Sales, Losses, New Highs, Rebound, Recession, Vancouver Sun
The Vancouver Sun- The rebound in B.C. housing sales from the recession is the strongest on record, Central 1 Credit Union said Tuesday, predicting that property prices will regain all of their downturn losses by the end of this year…
B.C. home prices could hit new highs in 2010
All eyes on U.S. for signs of economic life
Filed Under Main Content · Tagged: Downturn, Economic Life, Economy, Led, Ottawa Citizen, Signs
Ottawa Citizen, Ottawa, Ont. – “Housing is really what led the U.S. into this downturn, and I think, at the very least, we have to see a stabilization in the housing sector before we can count on a recovery for the broader economy,” Porter said…
