Western housing market ‘vulnerable’
Oh those silly bears at the TD bank. They’re claiming that price gains in Vancouver and Calgary are unsustainable. Somebody needs to tell them the good news – it’s the new economy!
This time its different!
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February 24th, 2007 at 5:56 am
Most analysts agree that interest rates here will not be rising further
The issue is not whether the rate on GoC bonds will go up. The issue is whether the risk premium on mortgages will go up, or whether mortgage insurance fees will go up, which amounts to pretty much the same thing.
This is exactly what is happening right now in the US. If prices don’t recover soon in Vancouver you may see the same thing here.
February 23rd, 2007 at 2:19 pm
Analysts are surmising default carnage can be contained to the subprime BBB pile.
Yeah, right… the A pile is collapsing too…
February 23rd, 2007 at 8:12 am
Hey, No news like old news huh? I was fooled by the date at the top. The National Post is always current I guess.
February 23rd, 2007 at 12:58 am
Analysts are surmising default carnage can be contained to the subprime BBB pile. I don’t know their motivations for making such claims though I have learned altruism rarely ventures from the realm of the righteous. Who knows? This is the New World Order.
February 23rd, 2007 at 12:58 am
The article mentions “CMHC senior market analyst Cameron Muir said the report’s message echoes what he has been saying” … when did he bail from CMHC?
Prices are described in terms of July.
Yup, an old article.
February 22nd, 2007 at 11:09 pm
Most analysts agree that interest rates here will not be rising further
And how about that ABX? Isn’t the collapse of the indices predicting higher interest rates in US? How would that affect Canada?
February 22nd, 2007 at 11:08 pm
How old is that article? Looks recycled…