Canada

Re: Canada

Postby winston » Wed Oct 05, 2016 7:05 am

Homes turns cold

The graceful six-bedroom house in a Vancouver neighborhood flanking one of Canada's top universities and a massive park would usually have been met with a slew of offers above its C$4.5 million (HK$26.51 million) asking price.

That's if its July listing hadn't coincided with the week the government announced a 15 percent tax on foreign buyers intended to cool the market. The grey wood-frame house was soon pulled and relisted for C$100,000 less before finally closing seven weeks later at just over C$4 million.

A 33 percent drop in Vancouverhome sales in September from a year ago signals North America's once- hottest real estate
market -where the average home was appreciating by more than C$1,000 a day - has reached a tipping point.

While the average price of a single-family detached home rose 29 percent to C$1.58 million, sales fell 9.5 percent in September from August, figures out yesterday showed.

On Monday, the federal government unveiled new rules to end a tax break on home sales by owners outside Canada and to tighten mortgage insurance eligibility equirements even for borrowers with large down payments.

That follows the new foreign-buyer levy British Columbia introduced in August and Vancouver mayor Gregor Robertson's plan for the city to start taxing vacant homes next year.

So, properties are taking longer to sell, deals are plummeting and in some cases prices are coming down in a city where the cost of housing has doubled in the past decade.

Source: BLOOMBERG
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Re: Canada

Postby winston » Thu Oct 20, 2016 6:13 pm

Bank of Canada Cuts Economic Growth Outlook Due to Exports, Housing Lack of competitiveness hurting exports

By Rahul Vaidyanath

The BoC now expects the economy to grow by 1.1 percent in 2016, 2.0 percent in 2017, and 2.1 percent in 2018


Source: Epoch Times

http://www.theepochtimes.com/n3/2174339 ... s-housing/
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Re: Canada

Postby winston » Fri Jan 06, 2017 12:36 pm

It's time to bet against one of last years big winners

Source: Daily Crux

http://thecrux.com/its-time-to-bet-agai ... g-winners/
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Re: Canada

Postby winston » Tue Apr 04, 2017 8:57 am

This bubble looks ready to burst; Here's how to profit when it does

Source: Daily Crux

http://thecrux.com/this-bubble-looks-re ... n-it-does/
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Re: Canada

Postby winston » Mon Apr 24, 2017 1:03 pm

Trump's latest target: Canada?

by Rick Newman

Canada, it turns out, recently lowered prices for a particular class of domestically produced dairy products, making them cheaper than imports from states such as Wisconsin and New York.


Canada subsidizes its milk industry, which helps keep farmers in business


Source; Yahoo Finance

http://finance.yahoo.com/news/trumps-la ... 42478.html
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Re: Canada

Postby winston » Fri May 05, 2017 7:44 am

Canada's banking system maybe crashing before our eyes

Source: Daily Crux

http://thecrux.com/canadas-banking-syst ... -our-eyes/
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Re: Canada

Postby winston » Sun May 07, 2017 7:48 pm

3 of the Best Canadian Stocks to Buy Now

By David Goodboy

Source: Street Authority

http://dailytradealert.com/2017/05/07/3 ... o-buy-now/
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Re: Canada

Postby winston » Sun May 07, 2017 7:48 pm

3 of the Best Canadian Stocks to Buy Now

By David Goodboy

Source: Street Authority

http://dailytradealert.com/2017/05/07/3 ... o-buy-now/
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Re: Canada

Postby winston » Thu May 11, 2017 5:58 am

The cancer thats spreading across Canada

Source: Daily Crux

http://thecrux.com/the-cancer-thats-spr ... ss-canada/
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Re: Canada

Postby winston » Wed Aug 09, 2017 7:31 am

Canada’s entire housing market is on the verge of collapse

by Justin Spittler

Last month, home sales in Canada’s biggest city fell 40%. That was the largest annual decline since 2009.


The price of the average home in Toronto also fell 4.6% in July. That’s the biggest monthly decline since at least 2000.


The number of house listings in Toronto also jumped 5% last month. There are now 65% more homes listed for sale in Toronto than there were a year ago.


David Madani, an economist at Capital Economics in Toronto, thinks housing prices could plunge as much as 40%.


Here are two things you should do today if you have so much as a penny in Canada’s stock market…
1. Get out of Canadian housing and bank stocks. These stocks will plummet if Canada’s housing market crashes.
2. You might also want to bet against the Canadian dollar. The easiest way to do this is to short (bet against) the CurrencyShares Canadian Dollar Trust (FXC).


Source: Casey Daily Dispatch

http://thecrux.com/canadas-entire-housi ... -collapse/
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