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How might a Canadian housing correction weigh on the provinces?

APRIL 23, 2012

A housing correction would make current provincial budget projections look very rosy indeed.

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Credit tightening and the end of the Canadian housing bubble

APRIL 01, 2012

A credit-driven asset bubble will, by necessity, meet an untimely end when the credit lifeblood driving the bubble is constricted.  It's time to take note of the incremental (and not so incremental) mortgage underwriting changes coming to Canada and question whether house prices can be sustained absent a continued, strong expansion in credit.

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Population density and house prices: Should Vancouver command such a premium?

MARCH 21, 2012

It’s been frequently suggested that Vancouver’s lack of available land has driven house prices to extreme levels.  That same thought has also been used to justify Toronto house prices, though to a lesser degree.  I want to share a couple thoughts on that front...

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Canadian house price affordability measures are still misleading

MARCH 07, 2012

Affordability measures continue to make the news.  Here's why you should view them with a healthy dose of skepticism.

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Population growth will NOT prevent the Candian housing bubble from going bust

FEBRUARY 29, 2012

If I read another ridiculous article proclaiming that Canadian real estate can defy fundamentals in perpetuity simply because we have a measure of population growth, I'm going to bang my head against a wall. 

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