Tag Archives: Canadian housing market

Canadian RE boom finally winding down? The reason for the collapse in transactions: the formerly all too willing buyers, mostly Chinese oligarchs who would use Vancouver real estate as their offshore Swiss bank account, have disappeared.… The report signals buyers are still adjusting to tougher mortgage qualification rules the federal government introduced Jan. 1, and more worryingly, to the four increases in the Bank of Canada’s interest rate over the past year. Those rules were put in...

Why the Canadian "housing bubble" hasn't burst. Quick summary: it's a policy choice, but this comes with some consequences, like pricing some cohorts like unendowed youth out of the market, and also some uncertainty, like what happens if there is a recession and debt cannot be serviced.  Moreover, Brian explains why this cannot be modeled. While it is foreseeable as a contingency, the timing is not forecastable. Although this is based on a policy choice and determined by Canadian law...