Economy 52,844 Posted October 27, 2014 Share Posted October 27, 2014 http://www.cbc.ca/news/canada/toronto/canadian-real-estate-most-overvalued-in-world-study-says-1.2462374 http://www.huffingtonpost.ca/2013/12/11/canada-housing-overvalued_n_4425462.html http://www.huffingtonpost.ca/2014/09/04/canada-real-estate-overvalued-economist_n_5762286.html From individual economists to private banks... Many place Canada as the Country in the world with the most over-valued and over-heated housing market. And most who disagree put Canada at least in the top 3. The housing boom has been going on since 2000 and is now in its 14th year Canada second largest Bank "TD" disagrees and says theres no danger, pointing out rates will rise slowly giving ample time for a gradual correction, also that Canadian Banks have very high levels of cash reserves to withstand a housing correction should it occur Link to post Share on other sites More sharing options...
johnpe 916 Posted October 27, 2014 Share Posted October 27, 2014 Fix your link mate MAKE IT WORK Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 27, 2014 Author Share Posted October 27, 2014 Fix your link mate sorry dont know why it got broken like that fixed :) Link to post Share on other sites More sharing options...
Stephen 30,433 Posted October 27, 2014 Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 27, 2014 Author Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it huh? Link to post Share on other sites More sharing options...
johnpe 916 Posted October 27, 2014 Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it I CAN'T THIS IS SO MUCH ME MAKE IT WORK Link to post Share on other sites More sharing options...
Azor Ahai 18,861 Posted October 27, 2014 Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it I though it was gonna be a big bubble inside a house Link to post Share on other sites More sharing options...
amenART 429 Posted October 27, 2014 Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it Springfield tease Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 27, 2014 Author Share Posted October 27, 2014 Springfield tease I though it was gonna be a big bubble inside a house thought it was gonna be a big bubble with houses in it not one comment posted so far has anything to do with the topic Link to post Share on other sites More sharing options...
Azor Ahai 18,861 Posted October 27, 2014 Share Posted October 27, 2014 not one comment posted so far has anything to do with the topic I dont understand half of it and dont care about the rest so Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 27, 2014 Author Share Posted October 27, 2014 I dont understand half of it and dont care about the rest so what is there to understand? housing bubbles is a pretty simple concept Link to post Share on other sites More sharing options...
Computer 10,980 Posted October 27, 2014 Share Posted October 27, 2014 I am always amazed by this. How did Canada's bubble continue to grow so far beyond the United States?. For a long time I was unaware of Canada's RE bubble. I just assumed everything mirrored the US because of our close economic ties. How is the housing price to median income ratio? Worse than US at our bubble peak? Sorry if your link covered that. 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
GagaMyBlood95 9,915 Posted October 27, 2014 Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it Actually, same with me Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 27, 2014 Author Share Posted October 27, 2014 I am always amazed by this. How did Canada's bubble continue to grow so far beyond the United States?. For a long time I was unaware of Canada's RE bubble. I just assumed everything mirrored the US because of our close economic ties. How is the housing price to median income ratio? Worse than US at our bubble peak? Sorry if your link covered that. well for starters our banks didnt fail like in most of the world in the 2008 financial meltdown... As a result, credit didnt freeze here, and banks kept lending, and because interest rates were lowered, prices kept rising despite a weakned economy. Unlike most Countries, we never got a housing correction during the recession. We had a mild drop in 2009. That was the only year in the past 14 years that prices went down even a little Of course, our banks are by law required to have higher amounts of cash reserves in case stuff goes wrong than most Countries... Also lending standards are strict. We can only have max amortizations of 25 years, you must have a good credit score and income, and minimum downpayment without insurance is 20% Because we dont have bad loans and our banks are healthy, the system has been able to handle the big imbalance so far. But if rates stay low, banks keep lending and prices keep rising, i dont think our financial system as good as it is will be able to handle it much longer Link to post Share on other sites More sharing options...
Nazgul 186 Posted October 27, 2014 Share Posted October 27, 2014 thought it was gonna be a big bubble with houses in it Link to post Share on other sites More sharing options...
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