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?).
“Rent” Inflation in Canada Spikes to Highest since 1983, amid Spike in Population. Homeownership CPI Remains Red-Hot by Wolf Richter • Oct 18, 2023 • 76 Comments Prices eased in other categories.
The Most Splendid Housing Bubbles in Canada: Prices Drop Further as Sales Slow and New Listings Jump Further by Wolf Richter • Oct 14, 2023 • 162 Comments The Home Price Benchmark Index is down 14% from peak in March 2022, Toronto down 15%, after wild and woolly sucker rally over the spring.
Worst “Rent” Inflation since 1983 & Red-Hot Homeownership CPI Fuel Canada’s CPI Surge. Bank of Canada in a Pickle of its Own Making by Wolf Richter • Sep 19, 2023 • 140 Comments Inflation dished up another nasty surprise. Other costs jumped too. Gasoline didn’t help. This was a broad-based mess.
The Most Splendid Housing Bubbles in Canada: Price Drops Spread amid Slowing Sales, Rising Supply, Bank of Canada Tightening by Wolf Richter • Sep 15, 2023 • 127 Comments The Home Price Benchmark Index is down 13% from peak in March 2022. The Canadian housing market is in a category of its own, in terms of craziness.
