This is a very well written and comprehensive series, thanks for your work here. I live in the Moncton area and the way that prices have ballooned & supply has bottomed out is really concerning. Our current municipal and provincial governments have welcomed this volatility as they are singularly focused on the increased property value as a sign of economic health and vitality. There is no discussion of the potential downsides or policy implementation to address a correction. Many who rent have been evicted so landlords can renovate property to flip back into the market. I also suspect that significant correction or crash would impact the region very negatively. We have not prepared.
Thanks again, I look forward to reading more of your analysis!
Great couple of articles. My only counter is that fundamentals have been out of whack with underlying price pressures for *years* and yet nothing is happening. The argument that the government won't let the housing market tank and just stand idly by isn't a bad one either. The housing sector is "too big to fail".
Ideally, the government would want to help engineer a soft landing but that is obviously far easier said than done.
This is a very well written and comprehensive series, thanks for your work here. I live in the Moncton area and the way that prices have ballooned & supply has bottomed out is really concerning. Our current municipal and provincial governments have welcomed this volatility as they are singularly focused on the increased property value as a sign of economic health and vitality. There is no discussion of the potential downsides or policy implementation to address a correction. Many who rent have been evicted so landlords can renovate property to flip back into the market. I also suspect that significant correction or crash would impact the region very negatively. We have not prepared.
Thanks again, I look forward to reading more of your analysis!
Wrong
Great couple of articles. My only counter is that fundamentals have been out of whack with underlying price pressures for *years* and yet nothing is happening. The argument that the government won't let the housing market tank and just stand idly by isn't a bad one either. The housing sector is "too big to fail".
Ideally, the government would want to help engineer a soft landing but that is obviously far easier said than done.