The Globe and Mail article from yesterday got me thinking about our subprime mortgage situation in Canada. Some people say it’s just as bad as in the US, but they aren’t talking about truly subprime as much as they are about effectively non-prime or non-conventional lending On the other extreme, a lotContinue Reading

As you may have came across in the news, or on the blogs, Demographia released their 5th Annual International Housing Affordability Survey this week. They compare 265 cities from Canada, USA, U.K., and Oceania, and rank them according to their measure of affordability. Their calculation for that is actually quite simple and straight forward, takeContinue Reading

I was thinking about doing a report on the new construction situation, but figured I might as well wait a week until the December numbers are reported. So instead I’ll just cover a few other items that are floating around. – The Teranet-National Bank House Price Index which I looked at last week hasContinue Reading