8 elm condos.Canada’s real estate bubble is the biggest in the world. Is Canada’s real estate bubble real? Yes, it is more real than other countries. Once upon a time, Canada had a seemingly valuable initiative to develop the real estate industry.Please Visit: 8 elm condos to Get Your VVIP Registration Today!
But now Canada is trying to avoid the catastrophic panic caused by the bursting of the housing bubble. Now it seems that the high-profile proposal to develop the real estate industry at that time was so absurd and boring.
Once upon a time, Canada had a seemingly valuable initiative to develop the real estate industry. But now Canada is trying to avoid the catastrophic panic caused by the bursting of the housing bubble. Now it seems that the high-profile proposal to develop the real estate industry at that time was so absurd and boring.
It is not subjective to judge whether high house prices are bubbles or not. like other financial assets, there is a fairly stable relationship between real estate prices and rent (housing income). The Economist’s chart compares the ratio of house prices to rents around the world, which can be used to determine which country’s real estate market is undervalued or overvalued.
Real estate agents often remind us that the real estate market in each region is different, but there are three things in common.
1) wealthy Chinese buyers like to take part in the fun. In some parts of the world where real estate is hot, not only low interest rates prevail, but also Chinese millionaires can be seen. Vancouver, Hong Kong, Singapore and Sydney are all the most popular places for wealthy Chinese, with a lot of money hedging here, and their arrival has pushed up house prices in the region to the “atmosphere”.
2) it will take some time for the real estate bubble to burst. In the United States and Ireland, after a decade of boom and bust, house prices are now below real prices. House prices in Spain and Britain now seem to have a downward trend and space. Zombie banks are reluctant to claim losses on non-performing loans, and the day will eventually come when the bubble bursts in the process of propping up prices. The sooner the bubble bursts, the sooner the housing market and construction will recover.
3) the recovery of the real estate market may take longer. Twenty years ago, the land price of the Imperial Palace in Tokyo, Japan even exceeded the value of all the land in California combined. However, it is worth noting the impact of bad macro policies, which will affect the health of the real estate market in the long run. In Japan, for example, a long period of tight monetary policy has caused the Japanese real estate market to hibernate for many years.