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Oct 14, 2021 · After a short-lived stint in third place on the widely-respected UBS Global Real Estate Bubble Index, Toronto has once again overtaken Munich to reclaim its spot as the second-riskiest urban...
- Lauren O'neil
Aug 30, 2023 · An analyst who describes Canada as sitting on one of 'the largest housing bubbles of all time' warns that if it bursts, the country could be thrown into a deeper recession than forecasted.
Nov 22, 2023 · When will the Toronto real estate bubble burst? While pinpointing the exact timing of Toronto’s potential real estate correction remains challenging, signs of deflation may already be...
Oct 14, 2021 · Confirming what comes as little surprise to many, the UBS Global Real Estate Bubble Index 2021 revealed that Toronto has the second largest real estate bubble risk in the world, up one spot from its third place ranking in 2020.
- UBS Warns of Bubble
- 'A Fast Rebound'
- Supply and Demand
The fresh numbers on prices come as a major Swiss bank was already warning that Toronto and Vancouver are home to two of the worst housing bubbles in the entire world. In an annual ranking, UBS examines the housing markets in 24 major world cities in Europe, North America and Asia to assess them based on how expensive housing is compared to local i...
Things don't look much better in Vancouver. Taxes on vacant homes and foreign buyers in 2016 cooled what was then a red-hot market, as prices rose by more than 20 per cent that year. Those moves seemed to relieve some of the pressure, as prices declined by 10 per cent between 2018 and 2019. "Since then, however, lower prices, falling mortgage rates...
"A bubble exists if you can't explain price increases by using the normal variables we look at," he said in an interview. "Whenever you see that kind of thing, that should be a warning light." Fallis says he worries some people buying today are doing so based solely on the expectation that gains in the future will be the same as those of the past, ...
The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present (with short periods of falling prices in 2008, 2017, and 2022) which some observers have called a real estate bubble.
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Dec 30, 2021 · According to a recent report by major Swiss financial institution UBS, six cities are now at crisis-level housing bubbles, and two of them are right here in Canada. Toronto ranked the...
