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Real Estate Booms to busts

Population density and house prices: Should Vancouver command such a premium?

MARCH 21, 2012

It’s been frequently suggested that Vancouver’s lack of available land has driven house prices to extreme levels.  That same thought has also been used to justify Toronto house prices, though to a lesser degree.  I want to share a couple thoughts on that front...

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Canadian house price affordability measures are still misleading

MARCH 07, 2012

Affordability measures continue to make the news.  Here's why you should view them with a healthy dose of skepticism.

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Is Toronto in a bubble? Interesting discussion with a mortgage broker

DECEMBER 20, 2011

I had an interesting discussion with well-known Toronto mortgage broker David Larock.  It started with the following picture showing the real house price index I had created for Toronto

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Are vacancy rates a leading indicator of house prices?

DECEMBER 16, 2011

Despite the fact that housing starts have substantially outpaced demographic demand, vacancy rates are low in most major Canadian markets.  How can this be, and is this indicative of a healthy, stable market?

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