Home » Entries posted by Guy Close Stories written by guyclose Posted by Guy Close on 04/15/2011
I found this article in the Globe and Mail recently and the reporters analysis of the Canadian housing market. It is his contention that there are some strong parallels between the economic indicators of today vs. the housing markets of the 1970′s and the 1980′s – which saw a big drop in the housing prices… [...]
12/18/2010Read More
Guy W. Close – The sky is not exactly falling, but Canadians are in a very risky place when it comes to the amount of household debt we continue to run up compared to our incomes, according to a source no less august than the Bank of Canada. In a dire forecast this week, bank [...]
10/06/2010Read More
By Guy W. Close – Trust a real estate agent to put a positive spin on an otherwise incredible string of bad news about Canada’s housing industry since last June. That’s when the first year-over-year dip in average home prices in nine years appeared. It was a tiny dip, at 0.4%, but it signalled that the real estate boom [...]
09/14/2010Read More
By Guy W. Close – What the Canadian household looks like… Three reports today paint a picture of a post-recession Canadian consumer with fat debts and shrinking net worth. And some could run into trouble making ends meet as interest rates continue to rise, forcing them to cut back, in turn pulling down the growth [...]
09/08/2010Read More
Guy Close – The Bank of Canada raised its benchmark interest rate today for a third time this year, and said it expects households and businesses to spend even as the outlook for the U.S. economy weakens. The bank raised its target rate for overnight loans between commercial banks to 1 percent from 0.75 percent, [...]
