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Friday, February 3, 2012

Lessons to be Learned by the Canadian Banks

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“Risk-Off” in the Canadian Mortgage Market “There is a false comfort in loan-to-values.” It’s often better to have more room to service deb...
Wednesday, February 1, 2012

Just noting something for later

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Need a good laugh, here's one for you. By the way, even if it takes 5 years to decline 40%, it will still look like a crash after the ...

Banks Max Out Their CMHC Credit Cards

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Imagine the banks as drunken college students and the card is in mom and dad's name. The banks have been binging on CMHC insurance (insu...
2 comments:

Australia Q4 2011 House Price Charts

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The Australian Bureau of Statistics has been hard at work. Here are the December 2011 charts of Price Changes and Index Price. Australia,...
Tuesday, January 31, 2012

Brisbane Slid 6.8% Last Year

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Brisbane Paces Australia Home Price Slide With 6.8% Drop in 2011 Brisbane home prices plunged the most among Australian capital cities in 2...
Monday, January 30, 2012

Housing Welfare for Middle Class Americans

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Why exactly should renters in the U.S. be subsidizing homeowners? To the tune of $140 billion per year. This is, by the way, far less than h...

Checking in on New Zealand's Bubble

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Hope springs eternal. New Zealand's long-term average is 78,000 property sales a year, but sales "dropped like a stone" from...
Wednesday, January 25, 2012

The Market Doesn't Care How Much You Thought It Was Worth

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'The fact that a seller needs a certain amount of money out of this is relevant to the home owner but not relevant to the market.' O...
Tuesday, January 24, 2012

Forced Sales and Receiver Initiated Listings Surge in Australia

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31% of major investment properties advertised in Queensland Oct-Nov from mortgagee, receiver or administrator 26% of major investment prope...
1 comment:
Friday, January 20, 2012

Is the Canadian Housing Bubble More Widespread Than That in the U.S.?

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Interesting that unlike the vast difference between the U.S. 10 and 20 city composite graphs the Canadian 6 and 11 are essentially the same...