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Vancouver’s housing-bubble risk unmatched on the planet, says Swiss bank

When it comes to overpriced real estate, Vancouver’s “bubble risk” is unmatched on the planet, according to a report by Swiss bank UBS. The rise in Vancouver’s average housing prices compared with the growth in average wages, rents and other economic factors make it the most likely to experience a sudden downward correction compared with 17 other large cities […]

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Canada: Vancouver ranks third most unaffordable housing market in world, worse than New York and London

Vancouver may have just add another notch to its reputation for being pricey. According to U.S. group Demographia, Vancouver is the third-least affordable city in the world for a home, and construction constraints are to blame for rising home prices there and in other Canadian cities. Wendell Cox, the principal owner at Demographia, which looked […]

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Canadian real estate market outlook 2016

If you could rewind 365 days to January 2015, would you short the Canadian real estate market? Given the predictions back then—of an imminent bubble burst and a housing market crash—hedging on real estate losses would’ve been a smart, speculative position. Of course,  any active investors who did bet against the real estate market wouldn’t […]

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Canada’s hot housing markets clearly detached from reality

The average price of detached homes in Toronto and Vancouver has topped $1-million, and that should make you wonder. Detached from what, exactly? I’d say reality. From Canada to China and Greece, the financial and economic news this summer is worrying. Only if you have gold-plated financial security in your life should you jump into […]

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U.S. short sellers betting on Canadian housing crash: ‘An accident waiting to happen’

VANCOUVER — Large Wall Street investors who made billions when the U.S. housing market collapsed in 2008 are now betting real estate values in Vancouver and other Canadian cities will crash, financial insiders say. The hedge fund investors, known as short sellers, are betting against what they believe is a housing bubble in Vancouver, Toronto, Calgary […]