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Blame Canada? Toronto, Vancouver Top Housing Bubble Risks
Posted on 9/28/17 at 1:00 pm
Posted on 9/28/17 at 1:00 pm
quote:
Blame Canada? Toronto, Vancouver Top Housing Bubble Risks
WSJ
Blame Canada?
It isn’t just the tune made famous by the South Park movie. It may become a motto among economists if frothy housing values around the world turn into a destabilizing bubble.
UBS published its latest global real estate “bubble index” on Thursday, listing the major cities most at risk of housing bubbles. Canada took two of the top four spots, with Toronto on top and Vancouver at number four, and Northern Europe’s Munich and Stockholm sandwiched between.
U.S. cities featured pretty highly, with San Francisco and Los Angeles in “overvalued,” but not bubble territory. New York was deemed fairly valued, and Chicago was the only city in the 20 listed that was undervalued.
9
Posted on 9/28/17 at 1:01 pm to member12
Not too surprised. The prices I saw on property Brothers for Toronto blew my mind years ago.
This post was edited on 9/28/17 at 1:03 pm
Posted on 9/28/17 at 1:02 pm to member12
SF is outrageous. You'll pay $6k/month to live in a broom closet.
Posted on 9/28/17 at 1:02 pm to member12
Build the wall!!!
Posted on 9/28/17 at 1:05 pm to upgrayedd
quote:
SF is outrageous. You'll pay $6k/month to live in a broom closet.
But everyday you get to come out of that closet! Worth it!!!!
Posted on 9/28/17 at 1:05 pm to LucasP
quote:
But everyday you get to come out of that closet! Worth it!!!!
Posted on 9/28/17 at 1:07 pm to member12
I do fee appraisals in the Los Angeles area. It is WAY overvalued for sure.
Posted on 9/28/17 at 1:09 pm to member12
Vancouver being at the top doesn't shock me at all.
Posted on 9/28/17 at 1:10 pm to Teddy Ruxpin
quote:
The prices I saw on property Brothers for Toronto blew my mind years ago
To add insult to injury, they still have to live in Toronto.
Posted on 9/28/17 at 1:12 pm to member12
For those who don't know, the Cliffs version-
Vancouver Real Estate bubble is from Chinese money being invested in Real Estate in and around Vancouver as a safe harbor in case the shiite hits the fan in China.
Vancouver Real Estate bubble is from Chinese money being invested in Real Estate in and around Vancouver as a safe harbor in case the shiite hits the fan in China.
Posted on 9/28/17 at 1:22 pm to soccerfüt
quote:
Vancouver Real Estate bubble is from Chinese money being invested in Real Estate in and around Vancouver as a safe harbor in case the shiite hits the fan in China
When does it burst?
Posted on 9/28/17 at 1:38 pm to member12
Not at all surprised to see Chicago as undervalued. Last time I was there I was amazed at how cheap housing was compared to what I thought it would be.
Posted on 9/28/17 at 1:51 pm to AbitaFan08
My father in law sold his 1600 sqft house in Vancouver for $750k last year. I'm talking about a N.O. East looking house in not the best condition.
Crazy.
Crazy.
Posted on 9/28/17 at 1:52 pm to mikie421
quote:
My father in law sold his 1600 sqft house in Vancouver for $750k last year
Is that USD or that monopoly money they use up there?
Posted on 9/28/17 at 1:52 pm to member12
Let me know when Lakeview bubble bursts
Posted on 9/28/17 at 2:48 pm to upgrayedd
Canadian. Around .80 US around that time.
Posted on 9/28/17 at 2:51 pm to member12
Chinese investors own about a quarter of real estate in Vancouver
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