Captain Cavey

Having same problem - any fixes TMT?

Really interesting tool. If you baseline from Q2 2008, Canada clearly wins the losing race

Not sure about that. Toronto prices across all housing sectors are crazy as opposed to bat-sh1t crazy in Vancouver. Looks like the vultures are beginning to circle: U.S. short sellers betting on Canadian housing crash: ‘An accident waiting to happen’

Even the Chinese Politicians have recognised the problem with unregulated housing money laundering investing in Vancouver: Chinese envoy says lack of oversight behind Vancouver’s house-price crisis The comments reflect the growing resentment. Only a matter of time before the politicians have to do something or lose the popular vote

Garth Turner from the Greater Fool Blog also makes the same Canada-Australia comparison: Great blog, but he persistently refuses to acknowledge that Hot Asian Money is influencing the market. Any comment that suggests that HAM is a contributing factor results in the racist card being pulled. Perhaps he got his moderator training from the BBC.

Vancouver is getting crazy now. This is what $950,000 gets you on the outskirts of town: To get anything decent that’s in an area where you would actually want to live, this is what happens: West Vancouver home sparks bidding war, sells for $1.1 million above asking. Nine offers were made for the 60-year-old rancher, which was listed at $2.98 million and sold for $4.1 million Similar to the threads about the Australian bubble being fueled by hot offshore money, the politicians are beginning to see votes in the growing resentment on Canadians being outpriced: Interesting that they don’t actually publish the data, so no one can verify this. Growing resentment that there’s no curb on money flowing into Vancouver from overseas and no questions asked on how the $50,000 per year transfer limit out of China is being circumvented to keep the HPI party going. Many parallels to what is happening in Australia.

How can you do this (or links / images) from the mobile version?

But there's a $10,000 money transfer limit out of China. They can't possibly be buying luxury real estate (unless there's something shady going on here)

But with oil at $100 and going up, our nuclear power & defence capability, our huge national public sector workforce, what can go wrong?

Strange! The "switch to mobile version" has reappeared at bottom left side of page. Sorted

How do I change back from full to mobile on iPhone There used to be an icon at the bottom of the page- can't see it anymore.

Trouble ahead? (link)

Canada surprise rate cut keeps housing party going ...and of course, the real estate chaps are once again nursing a semi over this – e.g. here’s Mr Fudge packing it in:

Only Hong Kong has less affordable housing than Vancouver, study finds Interesting chart from CHPC.biz. Listings are plummeting and sales are down, so it seems that a few sales at the high end are perpetuating the HPI to the moon mantra

Canada Housing Market Is 63% Overvalued: Deutsche Bank Boom