Is Canada in a bubble? Housing experts face off
Tagged: House Price
The impact of the high-flying loonie, which broke above parity with the U.S. greenback on Friday, is expected to make its mark on Canada’s trade figures this coming Wednesday.
Gregory Klump spends his days studying the housing market as the chief economist for the Canadian Real Estate Association.
House prices well above peak
A new doomsday report warns Vancouver’s housing market could be hit by a burst bubble — and a drop in prices by as much as 30 per cent.
The threat of a giant, synchronized real estate bubble looms over all six of Canada’s major cities, says the report released by the Canadian Centre for Policy Alternatives.
Steep housing price increases in six of Canada’s hottest real estate markets since 2002 have all the hallmarks of an “accident waiting to happen” if mortgage rates rise too sharply, warns a new report.
Housing markets across the country have been growing, but some of the major markets may have become overheated while others grew at a more moderate level, according to a national retail-sales organization.