Time for your cheat sheet on this week’s top stories. Canadian Real Estate Prices Better Dwelling’s Opening Statement Before Canadian Parliament’s Standing Committee On Finance The Canadian Parliament’s finance committee invited us to participate in their inflation investigation. We’re not snitches usually, but we took them up on the opportunity to explain the role of […]
Australia’s central bank is warning home prices may threaten the country’s financial stability. Reserve Bank of Australia assistant governor Michele Bullock gave a housing update this week. She warns the quality of borrowers has been deteriorating, as they take on more leverage. As the share of these borrowers surges, so does the risks they bring […]
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New Zealand may be the first advanced economy to hike interest rates. The Reserve Bank of New Zealand (RBNZ) abruptly announced a halt to the Large Scale Asset Purchase (LSAP) program. Along with the announcement was the release of the Monetary Policy Committee notes. The Committee said the risk of deflation has now passed, and […]
Canada’s money printer is still going brrr at a rate not seen in decades, but it’s starting to slow down. Bank of Canada (BoC) data shows the rate of growth for the M2++ is now past its peak as of April. The broad measure of the country’s money supply is a leading indicator for inflation. […]
We’re all in this together. Okay, we weren’t in it together — but we’re really sorry about one of the greatest transfers of wealth in history. That was the takeaway from a Bank of Canada (BoC) speech earlier this week, by Governor Tiff Macklem. In a totally not ironic speech on inequality, he suggested quantitative […]
The Government of Canada (GoC) is facing mounting pressure to do more about home prices. BC-based housing activist Raymond Wong launched an e-petition last week. The petition calls for the Bank of Canada (BoC) to consider home prices when setting rate policy. In less than a week, the petition has enough signatures to be certified […]
A Canadian official in charge of housing policy confirmed the current market is not an accident. Instead, it’s a conscious decision where the government picked the winners and losers. TVO aired an interview with MP Adam Vaughan yesterday, discussing housing policy. In the interview, Vaughan, who helps oversee the CMHC, said price drops are not […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate A Large Canadian Bank Just Blamed The Bank Of Canada For The Property Bubble One of Canada’s largest banks attributed the country’s frothy real estate market to the central bank. BMO wrote, “a surge in demand started by the pandemic, but […]
Academics theorize why developers won’t create more purpose-built rental housing. They cite everything from user behavior to policy restrictions. For some reason, they never think to just ask a real estate developer candidly. A few weeks ago I shared a popular Twitter thread on real estate rental development. Not a lot of people realize real […]
