Steve Saretsky

Recent Posts on BCBusiness - Page 2

Jan 4, 2019
Property Watch: Will rising debt and borrowing costs send the province (and the country) into a housing crisis?

Central bankers worried about Canada’s economic health should listen to top U.S. hedge fund manager Ray Dalio. “Typically the worst debt bubbles are not accompanied by high and rising inflation, but by asset price inflation financed by debt growth,” the...

Oct 26, 2018
Property Watch: Will taxing profits from condo presales cause some projects to fold?

It seems like just yesterday that the Vancouver condominium presale market attracted hordes of buyers. Condo prices were climbing rapidly, and the desirability and curb appeal of a brand-new unit looked too good to pass up. Desperate buyers would camp out...

Sep 4, 2018
Property Watch: New mortgage rules are making their mark on B.C. home buyers and sellers

Housing markets are highly correlated with mortgage debt. If such debt is increasing, you can expect house prices to rise, and if it’s decreasing, look for them to fall. This trend has been well documented by Steve Keen, an economics...

Jul 20, 2018
Is B.C.’s building frenzy putting the property market on a boom-bust trajectory?

Is this a case of be careful what you wish for? As a historic housing boom gripped B.C., where the average sale price has doubled since taking a minor dip in 2008, real estate developers preaching the virtues of more...

Jun 13, 2018
What happens if B.C.'s housing bubble bursts

The real estate boom gripping B.C., and the city of Vancouver in particular, has been historic on nearly all fronts. The frenzy to snatch up Vancouver soil kicked off in 2013. Bidding wars for detached homes spread like wildfire, pushing...

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