(17 July 2017, AFR, p3, by Joanna Mather)
‘Interest rates won’t rise until 2018 and even then increases will be slow and moderate because the Reserve Bank of Australia fears igniting the housing “powder keg”, Deloitte Access Economics says. 44 more words
(17 July 2017, The Age, BusinessDay, p21, Clancy Yeates)
‘Economists at investment bank UBS are increasingly confident a “correction” is taking place in residential construction, led by a slowdown in the apartment sector. 61 more words
Ontario, once the industrial powerhouse of Canada, has become precariously reliant on its booming housing market to fuel economic growth, warns a new report.
To show how Ontario’s manufacturing sector has slipped, the Fraser Institute report compares Ontario to Quebec, whose economy was historically weaker. 502 more words
IMPORTANT REMINDER!
Many of our blog post readers have not yet made plans to sign up to attend the one and only Biloxi event, entitled “END GAME STRATEGIES” (workshop). 661 more words
The Mortgage Corner
It was very good news that new-home sales rose nearly 3 percent in May to a 610,000 annualized rate. The report, always volatile, included a big upward revision to April which however, at 593,000, is still the year’s low. 596 more words
(21 June 2017, AFR, p34, by Michael Bleby)
‘Housing prices in Sydney and Melbourne have been pushed to the “upper stretch” of their historical growth rate and will fall back moderately, a new report by KPMG Economics says.’ 15 more words
