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Despite Bank Of Canada Hubris, Existing Home Sales Crash In May
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Despite Bank Of Canada Hubris, Existing Home Sales Crash In May

June 15th, 2017 | by Richard Paul
The Bank of Canada is stuck between the rock of a housing bubble (textbook-based trickle-down confidence-inspiration) and a hard place of a housing bubble (total lack of affordability) as it proclaimed this week that it may...
Canada Unveils $650 Million Lumber Industry ‘Bailout’ “To Stand Up To US”
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Canada Unveils $650 Million Lumber Industry ‘Bailout’ “To Stand Up To US”

June 1st, 2017 | by Richard Paul
Canada’s Natural Resources Minister Jim Carr just announced C$867 million (around $650 million) in financial supports for softwood lumber producers and the communities where they are based…“Canada is standing up...
Quebec introduces “emergency” bill outlawing construction strike
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Quebec introduces “emergency” bill outlawing construction strike

May 30th, 2017 | by Richard Paul
By Keith Jones 30 May 2017 Quebec’s Liberal government recalled the provincial legislature Monday so as to outlaw a six-day old strike by 175,000 construction workers. The government’s “emergency” anti-strike legislation,...
New Home Prices Are Over 50% Higher In Canada Than The US
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New Home Prices Are Over 50% Higher In Canada Than The US

May 28th, 2017 | by Richard Paul
  Authored by Kaitlin Last via BetterDwelling.com, The price of new homes is quickly diverging in Canada and the US.  Data from the Canadian Housing and Mortgage Corporation (CMHC) show that new homes are selling for...
All Heck Breaks Loose in Toronto’s House Price Bubble
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All Heck Breaks Loose in Toronto’s House Price Bubble

May 26th, 2017 | by Richard Paul
“It’s fear.” During the first two weeks in May, according to preliminary data from Toronto Real Estate Board, home listings surged 47% from the same period last year even as sales plunged 16%. The average selling price...
$100 Increase In Monthly Mortgage Payment Would Sink 75% Of Canadian Homeowners
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$100 Increase In Monthly Mortgage Payment Would Sink 75% Of Canadian Homeowners

May 24th, 2017 | by Richard Paul
According to a new survey from Manulife Bank, nearly 75% of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10%.  And, given that the average house in...
Loonie Surges To 5 Week High After BOC Surprises With Hawkish Statement
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Loonie Surges To 5 Week High After BOC Surprises With Hawkish Statement

May 24th, 2017 | by Richard Paul
While the Bank of Canada did not surprise with its interest rate decision, holding rates at 0.5% as expected, the market has read between the lines of the statement and concluded that it was substantially more optimistic than...
New Political Party In Canada
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New Political Party In Canada

May 22nd, 2017 | by Richard Paul
After having watched the Liberals and Conservatives  beat Canadians for the last few decades. I have decided to form a political party to keep them honest. The Liberal Democratic Party of Canada is now a party within the rules...
Canadas Economy 2016-‘17: On A Downward Spiral
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Canadas Economy 2016-‘17: On A Downward Spiral

May 20th, 2017 | by Richard Paul
  By Dillon A. Meilleur The Canadian Economy, like many around the world has gone through a dramatic shift leading into 2017. Unfortunately for Canada, this shift was in the wrong direction. While the global economy seems to...
Liar Loans Pop up in Canada’s Magnificent Housing Bubble
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Liar Loans Pop up in Canada’s Magnificent Housing Bubble

May 16th, 2017 | by Richard Paul
For a long time, the conservative mortgage lending standards in Canada, including a slew of new ones since 2008, have been touted as one of the reasons why Canada’s magnificent housing bubble, when it implodes, will not take...