Tuesday, August 31, 2010

Is Canadian Housing in for a correction?

Housing prices due to fall, says think-tank

Toronto Star - Tony Wong - ‎57 minutes ago‎
Canada's major metropolitan housing markets are looking awfully bubbly and are due to burst, says a report released Tuesday. The report, entitled Canada's Housing Bubble: An Accident Waiting to Happen, by the Canadian ...

Housing bubble threat arises as prices hit new highs

CTV.ca - ‎14 minutes ago‎
Housing sales in greater Vancouver and the Fraser Valley plummeted in July, down more than 45 per cent compared to the same month in 2009. Aug. 4, 2010. (CTV) Housing sales in greater Vancouver and the Fraser Valley plummeted in July, down more than 45 ...

Increasing prices in hottest Canadian housing markets a concern: Report

Montreal Gazette - Norma Greenaway - ‎6 hours ago‎
The unchecked rise in housing prices in major Canadian cities since 2002 could lead to a collapse in the market, a new report suggests. OTTAWA — Steep housing price increases in six of Canada's hottest ...

Report Warns of Housing Bubble Threat

580 CFRA Radio - Josh Pringle - ‎7 hours ago‎
A housing bubble threat has resurfaced in Ottawa and Canada's five other largest housing markets. A report by the Canadian Centre for Policy Alternatives says home prices are now 4.7 to 11.3 times Canadians' annual income, much higher than historical ...

Live, noon ET

Globe and Mail - ‎8 hours ago‎
The question isn't whether there's a real estate bubble in Canada, the Canadian Centre for Policy Alternatives states in a report released Tuesday, the question is what happens next. Report author David Macdonald and Globe and Mail real estate reporter ...

Housing bubble at precarious 30-year peak

DigitalJournal.com (press release) - ‎41 minutes ago‎
OTTAWA, Aug. 31 /CNW/ - For the first time in 30 years, a synchronized housing bubble has spread to six red-hot real estate markets in Canada, says a report by the Canadian Centre for Policy Alternatives (CCPA). Canada's Housing Bubble: An Accident ...

A Pointless Waste of Money

CounterPunch - Dean Baker - ‎Aug 29, 2010‎
Virtually the entire economics profession insisted on ignoring the housing bubble as it expanded to ever more dangerous levels. Remarkably, even after the bursting of this bubble wrecked the economy and has given us the worst downturn in ...

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