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 […]
This Time Is Different, Central Banks Are Tightening Into A Bear Market: Oxford Econ
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 […]
Central Banks Responsible For Most Global Real Estate Price Gains, Risks Rising: BIS
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 […]
Canada’s Gap Between Home Price and Income Growth Is Getting More Absurd
Canadian real estate prices have increased at such a rapid pace, incomes aren’t even close. US Federal Reserve calculations show home prices in Canada have increased multiples of the rate of income growth as of Q3 2021. Most people have some idea how strange this situation is, but we need to zoom out to appreciate […]
Most of Europe Is Overvalued, But London Real Estate Is 50% Overvalued: S&P
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 […]
This Week’s Top Stories: Canadian Home Building Investment Crashed and Commercial Real Estate Is Contracting
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Building Investment Has Officially Gone From A Correction To A Crash Canadian home building investment has officially gone from a correction to a crash. Seasonally adjusted real residential construction investment fell to $8.4 billion in September. This is a drop […]
Australian Real Estate Prices Are Inflated By Money Laundering, Hears The Senate
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 […]
The World Has Millions of Vacant Homes, and 1.3 Million Are In Canada: OECD
The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold. Rather […]
This Week’s Top Stories: Canadian Real Estate Tops The List of Global Bubbles, and IMF Warns of Correction Risks
Time for your cheat sheet on this week’s top stories. Canadian Real Estate A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World Two Canadian cities landed themselves on the UBS Global Real Estate Bubble Index. The Swiss bank ranked Toronto as the second-largest bubble, and Vancouver as the sixth. […]
A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World
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. […]