Tag: Oxford Economics

Canada’s Pile of Household Savings Is Mostly Held By The Rich, and Won’t Be Spent

July 14, 2021July 14, 2021

Canadians have an epic pile of savings accumulating, but it’s not as big as most economists think. Oxford Economics‘ Tony Stillo took a deep dive into the household savings rate this week. The firm found the gross numbers exaggerate the total that can actually be used. Further, wealthier households represent more than half of the […]

Canada

Canadian Property Bubbles Are Now So Big, LA and NYC Are Now More Affordable

May 21, 2021May 21, 2021

Canadian property bubbles have seen affordability creep past the world’s most influential cities. Oxford Economics released new North America Housing Affordability Indices (HAIs) for Q1 2021. The index measures housing affordability for the median household in various cities. They found Canada’s hottest real estate markets are now less affordable than globally influential US cities. Heck, […]