Canuck Post ®

Apparently as many as 2/3 Canadians have converted to a new religion known as “Bubbleology”. To the faithful Bubbleologists, Housing Bubble is the mighty Devil and his coming is imminent. Because certain unscrupulous profiteers have provoked the wrath of the Lord. However, Housing Bubble is no Armageddon, it’s not the end of the world yet. It’s just that there will be great suffering among ordinary folks whenever Mr. Bubble Housing comes visiting. They believe the time is nigh, they believe the Great Suffering will take place in 2018, that’s when proponets of the “Great White Short” will be laughing their way to the banks… Open living area designed in a circular fashion and semi-enclosed by rotating glass panels in this home located in Hollywood Hills.  A Canadian Housing Bubble? Two-Thirds Say It’s Real Nearly half of Canadians are worried about what interest rate hikes will do to their mortgage payments. A majority of Canadians say...

While real estate Vancouver is doing pretty well in June, Toronto on the other hand sinks deeper into the red: – Home sales in GTA plunge in June Greater Toronto Area home sales plunge 37.3% in June despite a jump in listings The average price of a home sold in the Greater Toronto Area was $793,915 in June, an eight per cent decline from a month earlier, according to data released Thursday from the Toronto Real Estate Board. On a year over year basis, On a year over year basis, June average prices were still up 6.3 per cent from a year ago … Fall in home Toronto home prices ‘a big surprise,’ says broker » Financial Post Significant Toronto Real Estate Price Drop in June A Big Surprise?  Not quite.  One of the main reasons is because Toronto is no Vancouver whereby we have said it all along, that Vancouver should be happening again in a matter of time – “ New Taxes On Foreign Buyers Will Not Affect Vancouver Real Estate Sales In The Long Run “. B...

Housing crash is “imminent”? You say there is housing bubble, a housing crash is imminent. They say Canada is different, they is no real estate crisis whatsoever, or even if there is a downturn, one like the U.S. simply won’t happen in the Great White North. Not a chance … Because Canadian financial institutions are simply too big, so strong, and so prudent that they can easily weather any downturn like a child play. Well, I don’t know what else to say? Guess I read too much … Image Source Canada’s ‘Housing Bubble’ Is ‘Going To End In Tears’: Capital Economics