Amid Canada’s Huge Immigration Surge, Population Growth Hits 3.2%, Fuels 10% Rent Inflation, even as Home Prices Drop by Wolf Richter • Mar 27, 2024 • 144 Comments The record 1.27 million immigrants that arrived last year have to live somewhere.
The Most Splendid Housing Bubbles in Canada: National House Prices Flat in Feb., -16% from Peak, Condos Drop Further, on Bank of Canada’s 5% & Massive QT by Wolf Richter • Mar 18, 2024 • 65 Comments Toronto condos drop to 28-month low, Vancouver houses -4% from peak in 2022 but condos near high. Calgary houses set new highs.
The Most Splendid Housing Bubbles in Canada: National Price Drops Further in January -18.3% from Peak. End of Easy Money by Wolf Richter • Feb 14, 2024 • 121 Comments Toronto houses -20% from peak, condos drop to 2-year low. Vancouver -8% from peak, Hamilton -25%, Victoria -14%. Calgary set new high.
Inflation in Canada Refuses to Cooperate with Rate-Cut Bets by Wolf Richter • Jan 16, 2024 • 111 Comments Bank of Canada’s two preferred measures of underlying inflation accelerated, tripping up widespread expectations of cooling.
The Most Splendid Housing Bubbles in Canada: Nationally -18% in December from Peak, Toronto -20%. Even in Calgary, House Prices Dropped. End of Easy Money by Wolf Richter • Jan 15, 2024 • 130 Comments Condo prices in Toronto carve out two-year low, house prices just a hair behind.
Stock Markets Years & Decades after Huge Bubbles Imploded: China, Hong Kong, Japan, UK, France, Germany, Italy, and Spain by Wolf Richter • Dec 31, 2023 • 146 Comments This cannot possibly happen to US markets because US markets are special?
Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt? by Wolf Richter • Dec 20, 2023 • 111 Comments China and Brazil shed large portions of their holdings, but the top financial centers loaded up.
The Most Splendid Housing Bubbles in Canada: Toronto -19% from Peak, back to Sept. 2021. Hamilton Area -25%, Back to Feb. 2021. New High in Calgary by Wolf Richter • Dec 14, 2023 • 146 Comments Something darkly humorous about these central-bank engineered easy-money spikes that then go POOF.
Rents in Canada Explode. Services Inflation Heats Up by Wolf Richter • Nov 21, 2023 • 97 Comments Plunging gasoline prices and dropping prices in a few other categories hold down overall CPI. A mess for the Bank of Canada.
The Most Splendid Housing Bubbles in Canada: Prices Drop to where They’d Been 2 Years Ago, Sales Swoon, Supply Rises by Wolf Richter • Nov 15, 2023 • 72 Comments From peak in March 2022, prices fell 15.6%, in Toronto 17.2%. But Calgary reached a new high (still waiting for the memo?).
