Recently a friend of my was laid off from her management position in the retail sector. Two weeks later her husband lost his government job. Wow! Both, however, sound upbeat saying “No problem… we will relax for a few weeks…
Tag Archive for forecast
What is happening with the Canadian real estate?
by Vasko DeLev • • 1 Comment
The main story is that sales are dropping. Home buyers are hesitating, or just waiting for the spring to enter the market. CREA reported a Canada wide decrease in sales by almost 16% compared to a year ago, even as…
Higher rates: Canada to be first
by Vasko DeLev • • 0 Comments
Nobody knows what kind of glasses economists use when they look into the future and try to predict stock market direction or interest rates. The truth is that whatever they say it is backed up by a mountain of data.…
Real estate forecast: Mild dip in sales, higher prices by the end of 2013
by Vasko DeLev • • 0 Comments
Royal LePage in their newest report about the Canadian real estate forecasts a slow first quarter, fewer sales, and maybe a bit lower prices. Nothing dramatic, but it is a fact that sellers are in the mood to postpone listing…
Predictions for 2013
by Vasko DeLev • • 0 Comments
A good part of some predictions is the fact that they never materialize. Like the one calling for the end of the world on Dec 21, 2012. To celebrate the occasion our family watched the movie “2012” yesterday: the day…
A year later: Who was wrong, who was right?
by Vasko DeLev • • 0 Comments
Before digging into the holiday dinner, let’s look back at some of the bold predictions I posted a year ago. Real estate Kiplinger – the well known American magazine on personal finance – called for declining home values in UK,…
Jamil Baz predicts another 15-20 years of crisis
by Vasko DeLev • • 0 Comments
Who is Jamil Baz? He is the chief strategist at one of the biggest European mutual funds – GLG Partners. With degrees from London School of Economics and Harvard he is a very well respected fund manager. While heads of…
The Canadian mortgage market
by Vasko DeLev • • 0 Comments
A sober recapitulation Just released report by Will Dunning, the Chief Economist of Canadian Association of Accredited Mortgage Professionals (CAAMP), sheds light on the state of the mortgage business in 2011. Titled “Confidence in the Canadian Mortgage Market” the report…
The ”feel good” effect on housing
by Vasko DeLev • • 0 Comments
Jobs – critical element for stable real estate With planned reductions of government jobs lots of people wonder how this will affect the value of their house. It’s a good question. Traditionally the evolution of things for many goes this…
Canadian housing: “More like a balloon than a bubble”
by Vasko DeLev • • 0 Comments
Should you listen to Sherry Cooper? When BMO released their housing report at the end of January, the media was quick to grab selected quotes and try to calm down the nation that no housing bubble is to be found…