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Meanwhile in Canada: http://www.cbc.ca/news/business/crea-house-prices-march-1.3537143 http://www.cbc.ca/news/business/crea-house-prices-march-1.35...

adventured 11y ago
Pretty incredible bubble price increases, given the growth rate of the Canadian economy. How can that end any other way but in a massive crash? "The average price of a Canadian home hit $508,567 in March, a jump of 15.7 per cent compared to the same month a year earlier." vs "IMF downgrades forecast for Canada's economy in 2016 and 2017" "Canada's GDP will expand by 1.5 per cent this year and by 1.9 per cent next year. That's better than the 1.2 per cent performance clocked in 2015, but a pullback from what the IMF was expecting in January, which was 1.7 this year and 2.1 per cent next year. The unemployment rate is expected to rise to 7.3 per cent by the end of this year before ticking up to 7.4 per cent next year, the IMF now says." http://www.cbc.ca/news/business/imf-canada-forecast-1.3531869 http://www.cbc.ca/news/business/imf-canada-forecast-1.353186...
- dgemm 11y ago
  Most markets in Canada are in slow decline, which reflects reality. Then you have the two special markets of Vancouver, which needs no introduction, and Toronto, which fits somewhere between Vancouver and reality. It would be interesting to examine the fundamentals of each separately.
  - deleted 11y ago
    [deleted]
- stuxnet79 11y ago
  > Pretty incredible bubble price increases, given the growth rate of the Canadian economy. How can that end any other way but in a massive crash? I don't know sometimes. People have been saying that it's going to crash for the past 7-8 years but the prices just keep going up and up. Right now a lot of people are trying to snap up property before the prices reach impossible heights.
  - kolbe 11y ago
    Human psychology is great, isn't it? "X is a worse deal than before---I must buy it now."

adventured 11y ago

Pretty incredible bubble price increases, given the growth rate of the Canadian economy. How can that end any other way but in a massive crash? "The average price of a Canadian home hit $508,567 in March, a jump of 15.7 per cent compared to the same month a year earlier." vs "IMF downgrades forecast for Canada's economy in 2016 and 2017" "Canada's GDP will expand by 1.5 per cent this year and by 1.9 per cent next year. That's better than the 1.2 per cent performance clocked in 2015, but a pullback from what the IMF was expecting in January, which was 1.7 this year and 2.1 per cent next year. The unemployment rate is expected to rise to 7.3 per cent by the end of this year before ticking up to 7.4 per cent next year, the IMF now says." http://www.cbc.ca/news/business/imf-canada-forecast-1.3531869 http://www.cbc.ca/news/business/imf-canada-forecast-1.353186...

dgemm 11y ago
Most markets in Canada are in slow decline, which reflects reality. Then you have the two special markets of Vancouver, which needs no introduction, and Toronto, which fits somewhere between Vancouver and reality. It would be interesting to examine the fundamentals of each separately.
- deleted 11y ago
  [deleted]
stuxnet79 11y ago
> Pretty incredible bubble price increases, given the growth rate of the Canadian economy. How can that end any other way but in a massive crash? I don't know sometimes. People have been saying that it's going to crash for the past 7-8 years but the prices just keep going up and up. Right now a lot of people are trying to snap up property before the prices reach impossible heights.
- kolbe 11y ago
  Human psychology is great, isn't it? "X is a worse deal than before---I must buy it now."