Friday Free-for-all! October 18th 2019

It’s the end of another work week and that means more news in the local economy and real estate world.

Let’s do our regular end of the week news round up and open topic discussion thread, here are a few links to kick off the chat:

CRA looks to credit card receipts to find cash cheats
No return of $2mil in money laundering case
Burnaby tax on landlords
Your real estate agent hates you
Real estate market returning to equilibrium

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

Friday Free-for-all! October 11th 2019

It’s the end of another week and that means it’s time for another Free-for-all open topic discussion and news round up for the weekend.

Here are a few recent links to kick off the chat:

Vancouver prices falling
Without housing we’d be in a recession
Suburban dream a debt filled nightmare
Canadas debt-monster

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

Global debt at highest peacetime level

It’s a new milestone! Its. Ot just Canadians that cant get enough of that debt, global debt levels have reached their highest peacetime levels:

We are likely to see central banks continue market interventions that have enabled governments to take on more debt since the crisis, perhaps even financing spending directly with so-called “helicopter money”.

We’re actually not a million miles away from this. By their aggressive actions over the last decade, central banks have effectively trapped themselves into continually intervening in government bond markets. They’re arguably beyond the point of no return.

Full article here.

We’re not number one.

Southseacompany shared this link to a list of global cities with the most overvalued real estate:

Swiss bank UBS’s Global Real Estate Bubble Index 2019 found a significant overvaluation in half of the 24 housing markets analysed by the research. The bubble risk appears greatest in seven global cities, with Munich the most vulnerable, followed by Toronto, Hong Kong, Amsterdam, Frankfurt, Vancouver and Paris. Major imbalances are also found in locations such as London, San Francisco, Tokyo and Stockholm, while valuations are considered stretched in Los Angeles, Sydney and Geneva.

Read the full article here.

Weekend Free-for-all – Goodbye September 2019!

Well that’s the end of another month, let’s wrap it up with an open topic thread and news round up. Here are a few recent links to kick off the chat:

52 years to save up for a down payment
Avalanche of Apt Buildings hitting metro
Don’t pay till you die
The 9 lives of the Canadian housing market
Politicians want you to buy

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have a great day!