By Leith van Onselen The Teranet-National Bank House Price Index for November has been released, which shows that even though Canadian house prices fell in November, annual growth continues to bounce back from August’s post-Global Financial Crisis (GFC) low: Home values nationally declined by 0.3% in the month of November, driven by a 0.6% fall

By Leith van Onselen According to Global News Canada, Chinese organised crime laundered around $1 billion through Vancouver property in 2016, and $5 billion since 2012, and this partly explains Vancouver’s explosive price growth: The study findings, obtained by Global News, are a startling look at what police believe to be the massive money laundering occurring

By Leith van Onselen The cognitive dissonance on display at Interest.co.nz over the weekend was clear as day with two contradictory articles appearing side by side: one cautioning against lowering immigration and the other lamenting the huge increase in Auckland’s housing shortage: The second article on Auckland’s housing shortage is particularly alarming as it shows

By Leith van Onselen The Teranet-National Bank House Price Index for October has been released, which shows that Canadian house price growth continues to bounce back from August’s post-Global Financial Crisis (GFC) low: Home values nationally declined by 0.4% in the month of October, driven by a 0.8% fall in Vancouver and a 0.2% decline

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that house price growth has fallen to its lowest level in 6.5 years: House prices rebounded in October, up 0.4% – the first increase since February. The annual rate of price increases continued to slow, however, dropping to

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that house price growth has fallen to its lowest level in 6.5 years: Most regions saw annual price rises although average month on month growth (apart from in August) continued to slow, with a 0.1% drop in September

By Leith van Onselen The Teranet-National Bank House Price Index for September has been released, which shows that Canadian house price growth has bounced from last month’s post-Global Financial Crisis (GFC) low: In the year to September, Canadian home values rose by just 2.1%, up from 1.4% last month. The rebound was driven by Toronto,

By Leith van Onselen The Teranet-National Bank House Price Index for August was released overnight, which shows that Canadian house price growth has stalled, growing at the slowest annual rate since the Global Financial Crisis (GFC): In the year to August, Canadian home values rose by just 1.4% –  the slowest growth since October 2009.

By Leith van Onselen Back in 2013, , the UK central government launched “Help-to-Buy“, a scheme that provided government mortgage guarantees to marginal borrowers that would not otherwise qualify for a loan. At the time, Help-to-Buy was denounced by the Office of Budget Responsibility and the Treasury alike, who claimed that the scheme would do nothing

By Leith van Onselen Toronto’s housing market is showing further signs of life after both prices and sales abruptly plunged. The Teranet-National Bank House Price Index for July was released overnight, which shows that house prices in Toronto are rebounding after plunging 7.4% between July and December 2017: As at July, Toronto values were 4.0% below

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London have begun to rebound after a period of price falls, driven by the top-end of the market: Average prices in England and Wales were slightly down in June, falling by 0.2% from May, although

By Leith van Onselen Toronto’s housing market is showing signs of live after both prices and sales abruptly plunged. The Teranet-National Bank House Price Index for June was released overnight, which shows that house prices in Toronto have begun to rebound after plunging 7.4% between July and December 2017: As at June, Toronto values were 4.8%

By Leith van Onselen The Financial Times (FT) has published an interesting article on how young Londoners are fleeing the city for other regions of the UK, forced-out by exorbitant housing costs: Knight Frank, the estate agent, has analysed the latest migration data from the Office for National Statistics, which tracks internal moves within the

By Leith van Onselen Toronto’s housing market appears to have stabilised after both prices and sales abruptly plunged. The Teranet-National Bank House Price Index for May was released overnight, which shows that house prices in Toronto have begun to rebound after plunging 7.4% between July and December 2017: As at May, Toronto values were 5.9% below

By Leith van Onselen The CD Howe Institute has released a new study on how excessive land-use restrictions and planning barriers are driving up the cost of Canadian housing: In any competitive market without barriers to entry, regardless of the product being sold, the overall market price should equal its marginal cost of production. The

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London continue to fall: The retreat in house prices continued in April, and this is now the eleventh month in which the annual rate of house price growth has slowed, albeit at an ever-reducing rate.

By Leith van Onselen Canada and Australia have a lot in common. Both economies are commodity exporters. Both countries have experienced high rates of immigration. Both countries largely dodged the global recession that shocked the developed world. Both were said to have world-beating banking systems. And both nations have amongst the developed world’s most expensive housing, when measured

By Leith van Onselen Toronto’s housing market appears to have stabilised after both prices and sales abruptly plunged. The Teranet-National Bank House Price Index for April was released overnight, which shows that house prices in Toronto have been stable for five months after plunging 7.1% since July 2017: Annual price growth in Toronto has also

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London continue to fall: The rate of annual house price growth slowed for the tenth successive month in March to 0.7%, compared to 5.1% a year ago. The average house price in England and Wales

By Leith van Onselen The International Monetary Fund (IMF) has released a new report which shows that global forces have been a major driver of growth in house prices in Australia and abroad over recent decades. The report notes that house price growth has become increasingly synchronised at both city and country level, particularly since