The Most Splendid Housing Bubbles in Canada, November Update: Fastest 5-Month Plunge on Record by Wolf Richter • Nov 19, 2022 • 99 Comments Down faster during the bust than up during the bubble: a special feature in some cities. Vague humor wafts around the charts.
“No Easy Outs to Restoring Price Stability”: Bank of Canada Hikes by 50 bpts to 3.75%, More Hikes to Come, QT to Continue, as “Unsustainable” Home Prices Plunge, GDP “Stalls” by Wolf Richter • Oct 26, 2022 • 98 Comments “Not enough” v. “Too much.”
The Most Splendid Housing Bubbles in Canada, October Update: Prices Plunge at Fastest Pace on Record by Wolf Richter • Oct 21, 2022 • 140 Comments As the Bank of Canada’s rate hikes and QT goose mortgage rates, some practically funny price spikes are getting unwound very fast.
The Most Splendid Housing Bubbles in Canada, September Update: House Prices Plunge by Wolf Richter • Sep 22, 2022 • 109 Comments The ridiculous price spikes now face Bank of Canada’s monster rate hikes, QT, and spiking mortgage rates.
Bank of Canada Hikes by 75 Basis Points, Brushes Off Housing Woes, Dip in CPI, Slowing Growth by Wolf Richter • Sep 7, 2022 • 63 Comments “Housing market is pulling back as anticipated, following unsustainable growth during the pandemic.”
QT at the Bank of Canada: Assets Down 24% from Peak. Spiraling Losses on Bonds, to Be Paid for by Canadians by Wolf Richter • Aug 28, 2022 • 140 Comments The BoC’s QT started much earlier and is way ahead of the Fed’s QT.
Front Loading: Canada’s Mortgage Rates Hit Housing Market amid Monster Rate Hikes by Steve Saretsky • Jul 18, 2022 • 91 Comments Over 50% of mortgage originations have been variable rate this year. Other mortgages are “fixed rate” typically for 2 to 5 years, after which they adjust.
“Things Are Not Normal Right Now”: Bank of Canada Hikes by Monster 100 Basis Points, Hits Mortgages. So Might the Fed after US CPI Fiasco by Wolf Richter • Jul 13, 2022 • 214 Comments Blame whatever. Just don’t blame money-printing and interest-rate repression.
“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere by Wolf Richter • Jun 24, 2022 • 286 Comments “Why the current tightening cycle is unlike anything we’ve observed in the past.”
The Most Splendid Housing Bubbles in Canada, April Update, as Yields Spike & Bank of Canada Hikes by Wolf Richter • Apr 21, 2022 • 78 Comments But wait… Many home buyers had mortgage rates that were guaranteed when rates were much lower.
