Positive Elements Found in Bank of Canada Report
Filed Under Main Content · Tagged: Autumn, Bank Canada, Bank Of Canada, Business Community, Business Outlook, Canada Business, Canada Report, Elements, Global Economic Conditions, Globe And Mail, Globe Mail, Mail Canada, No Doubt, Optimistic Mood, Swing
The Globe and Mail
Canada’s business community is growing gloomier. The Bank of Canada’s autumn Business Outlook reports a swing to a less optimistic mood, no doubt due in part to deteriorating global economic conditions… See full story on this topic »
Vancouver Housing not Affordable According to RBC
Filed Under Main Content · Tagged: Affordable Housing, Canada Cities, Downturn, Globe And Mail, Globe Mail, Mail Canada, Rbc, Risk, Vancouver
Globe and Mail
Canada cities offer reasonably affordable housing…Vancouver is at risk of a downturn. See all stories on this topic »
Mortgage debt surges as economy picks up steam
Filed Under Main Content · Tagged: Business Investment, Canada Economy, Canada S Economy, Consecutive Quarter, Consumer Spending, First Quarter, Fourth Quarter, Globe And Mail, Import Volumes, Mail Canada, Mortgage Debt, Pace, Residential Investment, Services Statistics, Statistics Canada, Steam, United States
The Globe and Mail-Canada’s economy is on fire, surging 6.1 per cent in the first quarter at an annualized pace. As a measure of comparison, that compares to 4.9 per cent in the fourth quarter of last year, and just 3 per cent in the United States in the first quarter. It’s the best
“Residential investment increased for a fourth consecutive quarter, as did consumer spending on goods and services,” Statistics Canada said this morning. “Export and import volumes both rose for a third consecutive quarter, with growth in imports outpacing growth in exports in the first quarter.”
Notably, business investment rose 0.2 per cent. Spending on machinery and equipment rose 1.8 per cent, Statistics Canada said, though it is still 23 per cent below the peak in the first quarter of 2008…
Mortgage debt surges as economy picks up steam – The Globe and Mail
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…
