munKNEE.com Your Key to Making Money
The following charts indicate relative performance of US home prices in Phoenix, Los Angeles, San Francisco,
Chicago, Las Vegas, New York and Miami to Canadian home prices in Vancouver, Calgary, Toronto, and Montreal. US home prices are reflected in Canadian dollars for comparison purposes. Words: 240
So say Pacifica Partners (www.pacificapartners.com) an Expanded Real Estate Chart Book report* consisting of 32 charts that summarize trends, key factors, and relative valuations of Canadian real estate in major Canadian centers. Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), presents below just 4 of the pertinent charts for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Who in the world is currently reading this article along with you? Click here
Below are the 4 charts related to US Housing Price Performance vs. Major Canadian Cities:
1. US Home Prices versus Vancouver Home Prices
Click Here to view a larger version of this chart.
2. US Home Prices versus Calgary Home Prices
Click Here to view a larger version of this chart.
3. US Home Prices versus Toronto Home Prices
Click Here to view a larger version of this chart.
4. US Home Prices versus Montreal Home Prices
Click Here to view a larger version of this chart.
*http://www.pacificapartners.com/blog/2011/10/24/1488/
Related Articles:
1. Believe it or Not: Australia’s Housing Bubble is Worse Than That in the U.S.
The explosion of Australia’s mortgage debt is viewed by many economists and commentators as the key factor behind Australia’s unaffordable housing [and the primary] reason why Australia’s housing bubble is larger than that experienced in the United States in the mid-2000s. [Another factor is] the strangulation of fringe urban land supply via increasingly restrictive planning processes. [Let me substantiate that contention by comparing the two countries housing situation via a number of descriptive graphs. Words: 817
2. Unlike the U.S and U.K, Canada’s Home Prices Are STILL Rising!
Canada, France and Switzerland stood alone among nine markets measured in recording annual price gains, based on second-quarter data, with inflation-adjusted price increases of 5%, 5% and 4%, respectively, compared to declines of 6% in the U.S., the U.K. and Australia, 10% in Spain and 14% in Ireland. In fact, Canada’s home prices have escalated 44% since 2005 – with a high of 68% in Vancouver – and they are up 7.7% in the past 12 months! Words: 1244
3. We Can Now Rule Out Another Housing Collapse, Can’t We?
According to both the Case Shiller and RadarLogic indices housing prices have been essentially flat for the past 2 years after having fallen by a third from their 2006/7 highs. [That being said, surely we can now rule out another collapse, can’t we? Words: 764
4. Forecast for House Prices is Horrific! Here’s Why
As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way… [In fact,] the forecast is horrific, to say the least!28% of US homeowners already owe more on their mortgage than their home is worth [and]… 27% of American homeowners are considering walking away from their mortgage…This is going to significantly drive home prices further down. [Let’s look at the details.] Words: 657
5. What Caused the Financial Crisis? 3% Down Mortgages or Wall Street Greed?
3%! Simply amazing. 3% isn’t even close to serious. If you are only able or willing to put down 3% you simply aren’t serious about homeownership. It’s laughable…yet by 2007 40% of all mortgages had less than 3% downpayments…Evidence is now pouring in…that the financial crisis of 2008 was nearly exclusively created by government’s misguided interventions and manipulations of the housing market. [Let me explain further.] Words: 671
6. A Housing Boom is Coming! A Housing Boom is Coming! Here’s Why
Yes, you read that right; get ready for the next housing boom. You’re probably thinking, “How could that be with all the mortgage delinquencies and foreclosures going on, and the record levels of housing inventory? Well, it’s not going to happen soon – [probably] not for several more years – but it’s coming. [Let me explain to you why it is inevitable.] Words: 589
7. Price:Rent Ratio Suggests House Prices Have Further to Fall
The rat-through-the-snake process of working down existing and prospective distressed properties is likely far from over, and how that process plays out will no doubt have an impact on how much housing prices will ultimately adjust. [Let’s take a look at some differing points of view in that regard.] Words: 497