Commercial and residential real estate bubbles choke the economy. The upper bounds of hype and craziness have been reached.
It’s a Great Time to Sell and a Bad Time to Buy, they think.
But condos have issues: “Foreign buyers have played a significant role; it is possible this demand has declined due to political issues here and in China.”
Honolulu rents plunge 19%. Landlords scramble. Check the 100 most expensive markets.
Here are some visual aids to help the Fed spot the housing bubble.
The signs and numbers are already lining up.
With zero resales, “actual market value of the units in the project is uncertain.”
Peak Rent. Traces of relief for renters. Landlords scramble. But in some cheaper cities, rents soar.
Dismantling the old saw that it can’t happen in Canada.
“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.