wolfstreet.com / by Wolf Richter • Apr 20, 2017
“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.
The government of the Province of Ontario announced a laundry list of measures to prick the crazy house price bubble in Toronto and surrounding areas. This includes […]
wolfstreet.com / by Wolf Richter / Apr 5, 2017
Based on fundamentals? You gotta be kidding.
Residential property sales in Greater Toronto soared 17.7% year-over-year to 12,077 homes, according to the Toronto Real Estate Board (TREB). New listings jumped 15.2% to 17,052. Prices for all types of homes, based on the MLS Home Price Index […]
mauldineconomics.com / BY JARED DILLIAN / FEBRUARY 23, 2017
My good friend Michael Martin, author of The Inner Voice of Trading, once told me his surefire recipe for staying out of trouble in college. He would leave a party the first time a beer bottle was thrown against the wall. He would be halfway down […]
wolfstreet.com / by Wolf Richter / Feb 20, 2017
To delay falling into a fiscal and financial sinkhole.
“Let’s drop the pretense. The Toronto housing market and the many cities surrounding it are in a housing bubble,” Bank of Montreal (BMO) Chief Economist Doug Porter told clients in a note last week.
wolfstreet.com / by Wolf Richter / Feb 16, 2017
Here are the top “Sell Markets” in an overpriced world where “the apartment cycle is drawing closer and closer to the end.”
Two reports – one on the most expensive rental markets in the world, and the other on the top multifamily “Sell Markets” in the […]
zerohedge.com / by Tyler Durden / Feb 5, 2017 6:23 PM
What a difference a year makes.
In January of 2016 horror stories were beginning to emerge about what would soon be confirmed as the biggest housing bubble in Canadian history, courtesy of a massive flood of Chinese “hot money” flooding into Vancouver, which […]
zerohedge.com / by Tyler Durden / Oct 4, 2016 2:23 PM
In a move which many Canadians, especially those who have been persistently priced out of the housing market, welcomed with open arms, overnight Finance Minister Bill Morneau unveiled new measures aimed at slowing the flood of foreign money pouring into overheated housing markets like […]
davidstockmanscontracorner.com / By Katia Dmitrieva via Bloomberg Business • September 14, 2016
A tax on foreign homebuyers in Vancouver cut luxury purchases in Canada’s priciest housing market by more than half last month, according to a brokerage report. Meanwhile, high-end sales in Toronto surged.
Transactions in Vancouver of at least C$1 million ($759,000) slid 65 […]
zerohedge.com / by Tyler Durden – Jun 13, 2016 10:53 AM
After yesterday’s tragic mass shooting, as well as attempted attack on the Los Angeles Gay Pride parade, the world is understandably on edge, and sure enough moments ago the Globe and Mail reported that the University of Toronto is under lockdown following reports of […]
gata.org / CHRIS POWELL / March 30, 2016
Dear Friend of GATA and Gold:
Your secretary/treasurer was interviewed March 19 on “The Real Money Show” broadcast on Toronto radio station CFMJ-AM640, discussing the extensive documentation of gold market manipulation by governments and central banks. CFMJ is a 50,000-watt station, the strongest signal allowed in […]
zerohedge.com / by Tyler Durden on 03/22/2016 11:26
Toronto’s notorious former mayor Rob Ford, who served between 2010 and 2014 and became world famous when he was caught on video smoking crack on multiple occasions during his term, died Tuesday after a battle with cancer.
As the Canadian Press writes in its prepared eulogy, a […]
investmentwatchblog.com / by IWB / August 15th, 2015
How Will China’s Declining Economy Affect Vancouver Real Estate?
wolfstreet.com / by Wolf Richter / June 11, 2015
The high-rise construction boom in Toronto has been evident for a while. It has been motivated by sky-high prices. In May, prices in Toronto rose another 5% from a year ago. For all types of homes, prices are now 42% higher than at the crazy […]
zerohedge.com / by Tyler Durden on 06/01/2015 12:31
Federal Reserve Vice Chairman Stanley Fischer said bankers who have engaged in wrongdoing should be punished, and he chided the industry for pushing back against financial regulations adopted to prevent another conflagration.
“Individuals should be punished for any misconduct they personally engaged in,” Fischer said in […]
zerohedge.com / by Colin Chilcoat via OilPrice.com / 05/07/2015 12:05
Yes, well, sort of – and they have for some time now. It’s relatively old news, but a recent Times report and an upcoming book from the Hoover Institute’s Peter Schweizer have refocused attention on a 2008 blockbuster uranium deal involving Russia, the United States, […]
gata.org / by cpowell / 2015-03-05
Dear Friend of GATA and Gold:
If there’s a tougher and shrewder entrepreneur and executive in the gold mining business than Rob McEwen, founder of Goldcorp and now CEO of McEwen Mining, GATA doesn’t know of one. But McEwen’s remarks this week at the PDAC conference in Toronto, at […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / March 04, 2015
Hypocrisy of the Toronto real estate board is stunning. The board threatened brokers who list sales prices. Their excuse is “privacy”.
“If 41,160 members have access to this information and are free to give it to [clients], I don’t think it is private information.” said Fraser […]