Tag:

Canadian housing bubble

Canadian Housing Bubble: Toronto sales down 40% YOY in March

Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?

Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:

TORONTO — Canada’s largest real estate

Read more

Canadian housing bubble: Keeping up with the Joneses’ debt

New lending rules may have curtailed big banks from issuing risky loans, but Canadians in their everlasting effort to keep up with the Joneses, will go to any length to make sure they are as indebted as their neighbours.

A recently released article from the Canadian Press shows that Canadians are virtually willing to go to the mafia just for a taste of home owne… Read more

It’s Groundhog Day and like the movie, Canada is about to relive another financial crisis

Until this modern take of Keynesian economics is no longer pushed as the standard of financial “wisdom”, debt-fueled economies will continue to relive these progressively worse economic cycles, with every bubble burst being much worse than the last.

On the heels of the quarter percent rake hike freak-out, Canada is on track to its Groundhog … Read more

Canadians are freaking out over a 0.25% rise in interest rates

When an article was released by the Canadian Press last Wednesday advising us plebs what to do in the face of a meagre 0.25% rise in interest rates, one has to wonder how bad the economic situation really is in Canada under the debt-driven facade.

From “Money just got more expensive — what are you doing about it?“:

TORONTO — Many consumers wi

Read more

Artificially inflated Ponzi schemes don’t correct, they collapse

The last couple of interest rate hikes in the U.S. had an unusual short-term effect on the stock market — the markets went up on both the rumour and the news.

Normally, by placing a higher value on cash and savings, there would be a flight away from leverage and speculation, resulting in a correction in the market.  However, that never happened as the DOW and S… Read more

Keynesian economics is one big persuasion tactic to grow the government and central banks

Like the postmodern movement, the rise of Keynesian theory in academia in the past century has led to government institutions wielding more power than they merit. The general public doesn’t really understand this recent interpretation of economics, so they are encouraged to trust a group of economic “experts” to sort it out for them.… Read more

Toronto housing bubble: inflation or deflation — pick your poison

A new Ipsos poll came out that shows Canadians are pretty much screwed no matter what the next Keynesian move is by the Bank of Canada:

Four in ten (43%) say they are concerned about the impact of rising interest rates on their financial situation, and nearly three in ten (28%) expressed concern that rising interest rates could move them towards bankruptcy.

Ov

Read more

Toronto housing bubble: personal debt treadmill at maximum speed

Take a look at this screen grab of the real estate headlines at CP24.com (Canadian Propaganda 24 hours a day):

RBC says housing affordability measure worst since 1990. Toronto hits worst level ever; Toronto-area housing prices may already near bottom: RBC economist

Affordability is the worst, yet prices are near the bottom?

Nothing is technically “affordable” nowadays in a Keynesian powered economy. No one is encouraged to save, and everyone (government included) relies on debt, a.k.a. future … Read more

Canada’s phony housing-based GDP paints a bleak picture

What can you get for $500,000 today?  You could buy one “cozy” shoe box condo in the sky in a gentrified neighbourhood in chilly Toronto, or two detached houses on huge lots beside a golf course in sunny Florida. The strange thing is that Americans think that their prices are reminiscent of 2008 and they think that they are back in a ho… Read more

Vancouver Passes Tax on Empty Homes, Canadian Annual Inflation Rate Reported at 1.5 percent

Despite the Canadian Press reading more like opinion pieces than objective news nowadays, these two articles are objective enough, and when taken at face value, paint a picture of the government supposedly doing their job.

Annual inflation rate 1.5 per cent in October, in line with expectationshttp://www.thecanadianpress.com/english/online/ORead more