When you hear people say that there will be no housing bubble in Canada because we are different, please remember that the vast majority of economists, government officials, and financial pundits could not see the disaster coming as it was staring them in the face in the US. It may come as a shock to you but people have agendas when there are cheerleading home prices. Politicians want to keep voters confidence, businesses want consumers to keep shopping, networks want to keep ratings high with optimism, banks and real estate brokers want to continue making money on fees and interest. …
Read MorePosts Tagged ‘real estate market’
Wednesday, September 1st, 2010 Tags: Canadian real estate, debt, Financial Crisis, Home sales, real estate market, U.S. Economy
Category: Economic Recovery No Comments 
Homes sales in the US plunged, sorry crashed, by 27.2%. With real unemployment rate at 17%, 40 million on Food Stamps in the US and 15 million Americans looking for a job – why would that surprise anyone is, well, surprising. Come back to me in 2013 and we can talk about a bottom in the US housing market. You can put the interest rates as low as you want, add all the tax credits you can dream of, when you don’t have a job or are afraid of losing the one you have, the last thing on your mind …
Read MoreWednesday, August 25th, 2010 Tags: debt, Financial Crisis, Home sales, real estate market, U.S. Economy, Unemployment
Category: Economic Recovery 1 Comment
