(China’s Artificially Created Housing Bubble In Canada Set To Burst Warnings Suggest) It’s been no surprise that Canada has long been in a housing bubble. Foreign investors from China have been buying up property in Canadian cities for years, and reselling them to Canadians for way more than the property is worth. China seems to […] . . . → Read More: Mind Bending Politics: China’s Economic Espionage Against Canada Refuses To Be Dealt With By Government
Last month the Australian Broadcasting Corporation released the findings of the International Monetary Fund’s study of house prices in developed nations.
They were ranked by affordability based on income. The worst three countries were Belgium, Canada and Australia. Australia is specifically mentioned by the IMF’s deputy managing director Min Zhu – along with Belgium, . . . → Read More: Pushed to the Left and Loving It: If a Tsunami Was Coming Our Government Would Warn us Right?
Warning: A wonky, but thankfully short, post follows.
Yesterday, the Naked Capitalism blog reposted some recent research by OECD economist Eduardo Olaberria that looks at the effect of capital inflows on bubbles in assets, particularly housing. With so many other signs of a housing bubble forming in Canada, I decided to quickly see if the . . . → Read More: Political Eh-conomy: A Canadian housing bubble? Evidence from capital inflows
(originally written Mar 4, 2012. Part of Great Upload of 2013.)
Readers (regular and irregular both) may know that about six years ago, I was quoted in MacLean’s saying Canadian housing was in a bubble. So after six long years of looking very wrong, I was delighted to see the right-wing rag run a cover . . . → Read More: Eclectic Lip: From housing to plumbing