Canada’s Real Estate Correction Is Just Getting Started, W/ Oxford Econ’s Tony Stillo
Tony Stillo of Oxford Economics helps us understand Canada’s real estate market correction and the upcoming recession.
A Sharp Global Real Estate Correction Is Approaching: Oxford Econ
Low rates led to a global real estate boom, now expected to correct as interest costs rise. This week, Oxford Economics warned a sharp global real estate correction is approaching. Rising rates, weak demand, and falling construction prices will take a lot of the froth out of the market. Global Real Estate Prices Expected To […]
Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ
The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation are pushing home prices much lower and prolonging the downturn. High inflation also means a stimulus windfall […]
Canada Is Heading For A Hard Landing, Real Estate Prices To Drop 30%: Oxford Econ
Canada’s economy and real estate are in for a hard landing that kicks off within six months, warned Oxford Economics.
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 […]
Canada’s Highly Indebted Households Are About To Feel The Pinch From Rising Rates
One of the world’s largest economies is handcuffed to over-leveraged home buyers. An analysis from Oxford Economics looks at two rate hike scenarios in Canada. Tony Stillo, the firm’s chief economist, expects the Bank of Canada (BoC) to hike interest rates slowly. If the central bank takes this path, all households will bear the burden […]
Toronto and Vancouver Real Estate Is Now Much Less Affordable Than LA, New York
Think Toronto or Vancouver real estate is too expensive? Then consider more affordable places like Los Angeles, New York, or San Francisco. Oxford Economics released its North American Housing Affordability Index (HAI) for Q2 2021. The global forecasting firm found affordability has deteriorated across North America. Toronto and Vancouver real estate were in a league […]
Canada’s Pile of Household Savings Is Mostly Held By The Rich, and Won’t Be Spent
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 […]
Canadian Property Bubbles Are Now So Big, LA and NYC Are Now More Affordable
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, […]
