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Friday, August 29, 2014

Daily Market Update: Bursting bubble predicted by more economists | Are we building too much? | Canada’s most expensive condo

 
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29 August 2014  
 
Market Update
 
 
 
 
 
Bursting bubble predicted by more economists
 
We’ve been hearing it for a while, it’s been denied by officials and ignored by many homeowners… but a growing number of economists are now predicting a bubble that will burst.
 
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Are we building too much?
 
There are fears in Edmonton that there may be too much supply in the construction sector, especially in commercial property.
 
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Australia has the kind of data we could use
 
There are many similarities between the housing market in Canada and that of Australia; low interest rates, affordability issues, overvaluation and foreign investment.
 
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Canada’s most expensive condo
 
Imagine arranging the mortgage on this one, a $33 million condo in the Toronto Trump hotel.
 
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312 Adelaide Street West, Suite 800, Toronto, ON M5V 1R2
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