Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut by Wolf Richter • Jun 11, 2015 • 27 Comments Unsold new condos spike to all-time record. Industry in denial.
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues by Wolf Richter • Jun 4, 2015 • 14 Comments Millennials, immigrants are “plankton” in the “food chain” for “big wales and sharks.”
Canada’s Magnificent Housing Bubble Goes Nuts, Cracks by Wolf Richter • Apr 24, 2015 • 20 Comments Even “Second-Time Buyers” can’t afford to buy without help from mom & dad.
Magnificent Housing Bubble Unravels in Much of Canada by Wolf Richter • Apr 14, 2015 • 6 Comments But prices in Vancouver and Toronto to continue rising “over the next few months.”
Calgary Housing & Office Markets Crushed, Alberta Sinks, Vacancies Spread Across Canada, but Vancouver… by Wolf Richter • Apr 5, 2015 • 12 Comments Layoffs and the collapse of oil exact their pound of flesh.
Household Debt Soars in Canada, “Stability” at Risk by Wolf Richter • Mar 12, 2015 • 12 Comments Just when oil collapsed, housing stumbled, and layoffs began.
Housing Construction Skids in Canada, Crashes in Oil Patch by Wolf Richter • Mar 10, 2015 • 4 Comments Gravity inconveniently inserts itself into a phenomenal boom.
Money Is Bailing Out of Canada by Wolf Richter • Feb 17, 2015 • 27 Comments The floodgates opened in December.
Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk by Wolf Richter • Feb 1, 2015 • 28 Comments What ratings agency Fitch and the Bank of Canada had warned about has come to pass.
“Recipe for Disaster”: Canadian Government to Expand State Surveillance Powers (Again) by Wolf Richter • Jan 29, 2015 • 2 Comments The “spillover effects” of overbroad anti-terror legislation.