Housing prices to drop 25%, forecaster predicts – thestar.com
Filed Under Main Content · Tagged: Canada, Economics, Forecaster, House Prices, Housing Boom, Housing Prices, Madani, Magnitude
“The recent housing boom has resulted in the largest rises in house prices ever seen in Canada, which have been similar in magnitude to those during the recent boom in the U.S.,” said Capital Economics analyst David Madani in a report released Thursday. “Unfortunately, the subsequent falls in prices could also be just as severe as those elsewhere.”
Housing prices to drop 25%, forecaster predicts – thestar.com
BC house prices too high by national and global standards – Cayo
Filed Under Main Content · Tagged: Abbotsford, Bc Cities, Developed Countries, Global Standards, House Prices, International Survey, Kelowna, Vancouver, Victoria
Four out of four BC cities included in an international survey earned rankings of “severely unaffordable.” Vancouver was judged to be the third-worst of 325 cities in developed countries world-wide. The number of years of annual income required to by a home — between 5.9 and 7.1 — in Victoria, Abbotsford and Kelowna was also found to be worrisomely high.
BC house prices too high by national and global standards – Cayo
Did the Bank of Canada fuel the run-up in house prices?
Filed Under Main Content · Tagged: 1990s, Bank Canada, Bank Of Canada, Canada House, Canadian Economy, Cool Canada, Economic Development, Fuel Prices, Globe And Mail, Globe Mail, House Prices, Income Ratio, Last Decade, Monetary Policy, Oecd, Organization, Real Estate, Time Out
The Globe and Mail- The Bank of Canada may have fuelled the run-up in Canadian house prices with loose monetary policy over the course of the last decade, the Organization for Economic Development and Co-operation says. In its annual review of the Canadian economy, released today, the group notes the increase in house prices, along with the price-to-income ratio, since the late 1990s, with a time out starting in June 2008 when costs fell, but only briefly. Some markets, the OECD says, are still overpriced despite the recent softening in the market, though real estate is expected to soon cool further…
Did the Bank of Canada fuel the run-up in house prices? – The Globe and Mail
Home prices to jump as total sales fall, forecast predicts
Filed Under Main Content · Tagged: Demand Patterns, Greater Victoria, House Prices, Quot, Real Estate Association, Recession, Sales Forecast, Times Colonist, Victoria House
Times Colonist- Greater Victoria house prices will climb this year even though total sales are projected to dip from 2009, according to a new forecast from the B.C. Real Estate Association.
"B.C. housing markets are returning to typical post-recession demand patterns," the association said in its third quarter update yesterday.
This year, total Greater Victoria sales are expected to drop to 6,800, from 7,660 last year, the update said. Next year, sales will climb slightly to a total of 7,150…
