Monday, May 16, 2011

Economists and other thinktanks who have said there is trouble with the Canadian Housing Market

Don't believe me that there is a real estate bubble in Canada? The first 4 guys forecast the US housing market bubble and crash and here is what they are saying about the Canadian housing market.

Peter Schiff says Canadian housing is over valued
http://saskatoonhousingbubble.blogspot.com/2011/03/peter-schiff-north-american-interest.html

Robert Shiller mentioning Canada has a real estate bubble
http://saskatoonhousingbubble.blogspot.com/2011/02/robert-shiller-predicting-housing-bust.html

Paul Krugman says Canada has a real estate bubble
http://saskatoonhousingbubble.blogspot.com/2011/03/paul-krugman-oy-canada-looking.html

Dean Baker predicted the US housing bubble in 2002 says Canada houses could fall 25-35%
http://www.cbc.ca/news/canada/story/2010/11/17/housing-bubble-warning.html

BMO suggests that Canadian housing is overvalued by 14%
http://saskatoonhousingbubble.blogspot.com/2011/03/bmo-saskatchewan-housing-is-39-pricier.html

The Economist says Canadian housing is 22% overvalued
http://saskatoonhousingbubble.blogspot.com/2011/03/housing-market-seven-deadly-sins.html

Capital Economics suggest a 25-35% drop in Canadian home values within a couple of years
http://saskatoonhousingbubble.blogspot.com/2011/02/25-drop-in-canadian-housing-prices.html
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5 comments:

  1. There are others too. The Economist magazine, and the Canadian Centre for Policy Alternatives are two additional examples.

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  2. On the economist, while that was a great call on canada having a housing bubble, they made that call in 2003! Come on folks, this is just plain silly now. You can't predict a crash 8 years before it happens and still take credit for it.

    While I truly agree with the author of this blog that we are in a housing bubble you need to temper that with the fact that you just have no idea when it will end or how. The economist states that it will not end with merely stalled prices but in fact prices are actually considerably higher than when they made their call. If they can't get it right, then really who can.

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  3. 2nd anonymous,
    the call from The Economist about Canada was not made in 2003. If you follow the link, they made the call in 2010.

    You are right as I do not know when the bust will happen, that is why this blog is titled Saskatoon Housing Bubble, not Saskatoon Housing Bust.

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  4. Kevin, you are correct the call was in 2010. I was looking at the other more generic article from 03.

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  5. so dont buy a house? im from bc and i am thinking about moving there as theres lots of work.

    ReplyDelete

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