Tag Archives: RE

Friday Free-for-all!

Welcome!

What time is it? It’s time for yet another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

BOC rate hike?
Boomers overexposed on RE
Condos finally hot again
Bad ending to housing surge
Hyper-mega-bull called it
middle class housing projects
Fintrac fine for Canadian bank

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

IMF issues fresh warning on Canada housing market

Apparently it’s not just the Bank of Canada that thinks Canadian RE buyers are suckers. The IMF is issuing yet another warning of potential problems in the Canadian Real Estate Market.

The International Monetary Fund is raising red flags about Canada’s housing market, warning that moves by Ottawa in recent years to tighten mortgage lending standards and boost oversight of the country’s financial system haven’t gone far enough.

Household debt levels remain well above those in other Western countries, the organization said in a commentary posted to its website Monday. Home prices have jumped 60 per cent in the past 15 years and remain overvalued from 7 per cent to 20 per cent, in line for a “soft landing” over the next few years, the IMF said.

At the same time, it reiterated its call for Canada to collect more data on its housing market and to centralize oversight of the financial sector. As it stands, regulation remains fractured among the Department of Finance, the Office of the Superintendent of Financial Institutions, the Canada Mortgage and Housing Corporation and provincial governments all playing separate roles in regulating the housing the market.

Read the full article in the Globe and Mail.

FFFA! Forecasts! Mortgage! Rules! Carney!

It’s that time of the week again, time for our Friday Free-for-all!  This is when we round up the weeks news and have our open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

IMF: You need tighter mortgage rules
TD: forcasting for the provinces
Teranet HPI scatter plot
Conservative impact from RE market?
Carney gets $400k for housing
Luxury home decline
Sales below 10 year average
Stay out of New West Bob
Home prices fall in most Canadian markets

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

Less than a hundred reasons RE is collapsing

There are 3 sales day left in September 2012.

That’s 3 more chances to have a day when we see sales over 100.

Do you know how many days we’ve seen sales go over 100 so far this month?

ONE.

There has only been one day this month where sales went over 100.

Here’s the last couple of Septembers for historical comparison:

2010: 11 days with triple digit sales

2011: 14 days with triple digit sales

2012: 1 day of triple digit sales (max possible 4)

Thanks to VHB for the stats and PaulB for the numbers.

Friday Free-for-all!

It’s that time of the week again so lets do our regular end of the week news round up and open topic discussion thread for the weekend!  Here are a few recent links to kick off the chat:

Inventory starts to climb sharply
‘Vancouver condo crisis’ to hit Calgary?
Pillar of sand and fog
Statscan warned on RE bubble
Selling like a couch on craigslist
Only see a bubble in retrospect?
Digital Domain sinking fast
Rates stay low, good or bad?
Genworth: Don’t wait to buy Toronto
Immigration crackdown causes fraud?
Canadian exports collapse

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