The global economy may be in for a bumpy ride, warns the central bank for central banks. The Bank of International Settlements (BIS) broke down the environmental variables typical of those preceding a hard landing. Most advanced economies fit this bill and are advised to start tackling inflation immediately. Those in the worst circumstances are […]
Advanced economies replicating the same monetary policy mistakes are facing monster inflation. Now with additional external pressures driving inflation even higher, policy is tightening as the economy deteriorates. That’s the opposite of what usually happens, warns global forecasting firm Oxford Economics. Typically as the economy slows, rate cuts help to craft a soft landing. This […]
What’s driving global real estate higher? It’s the money, stupid. That’s a concise summary of research from the Bank of International Settlements (BIS). Known as the central bank for central banks, the BIS warned risks to global home prices are forming. Their researchers argue the majority of gains made since 2020 are due to monetary […]
Canadians know the real estate market is growing fast but how unusually fast it’s moving may not be clear. Data from US Federal Reserve researchers might help with that. The numbers show Canadian home prices increased at a rate at least 50% faster than any other G7 country in Q4 2021. The issue isn’t just […]
Most of Europe’s real estate is overvalued, but London pushes a new extreme, says a global ratings giant. S&P Global Ratings released their annual valuation of European real estate this week. The report shows most of the continent’s housing markets are looking a little pricey. They primarily focused on the national level, but one city […]
Canadian real estate is unaffordable, but you don’t appreciate how bad the reality is until you look at its G7 peers. The latest house price-to-income ratio data from the OECD shows all G7 countries are seeing affordability decline. However, Canada has consistently seen home prices outgrow incomes. Since 2005, no other G7 country has seen […]
Australian lawmakers are learning how home prices have been inflated by money laundering. The Senate committee investigating the adequacy of anti-money laundering laws continues this week. A piece tabled is a study showing how high-profile individuals with questionable cash should have set off alarms. Instead, they were able to move millions of dollars of unknown […]
Think Toronto or Vancouver real estate is too expensive? Then consider more affordable places like Los Angeles, New York, or San Francisco. Oxford Economics released its North American Housing Affordability Index (HAI) for Q2 2021. The global forecasting firm found affordability has deteriorated across North America. Toronto and Vancouver real estate were in a league […]
Hong Kong, New York City, and Paris? They have nothing on Canada’s biggest real estate bubbles. UBS released its annual Global Real Estate Bubble Index today. Two Canadian cities managed to rank near the top of the charts — Toronto and Vancouver. Toronto home prices now rank as the second biggest bubble in the world. […]
Global real estate prices have uncharacteristically surged during the recession. It didn’t come without consequence, warned the International Monetary Fund (IMF), this week. The agency’s regular Financial Stability Report said global home prices are now stretched. Stimulus policies backstopped the market, creating moral hazards. Buyers now have a “can’t lose” feeling, pushing them to pay […]
