Andy Clark/ReutersHome prices in Vancouver dropped for the second month in a row, declining by 1.3% month-over-month in November, according to the Teranet-National Bank Composite House Price Index.
The two months of dips follow 21 consecutive months of price increases.
Well, what proud Torontonian could argue with Wednesday’s developments? At a press conference, Mayor John Tory announced the city’s desire to deck over the downtown railway corridor between Bathurst Street and Blue Jays Way. He wants to build a grand, 21-acre park on top of it, right in the middle of the increasingly densely populated and park-poor city centre.
Vancouver police say they will take part in the city’s annual Pride parade, despite a call from the activist group Black Lives Matter for the force to stay away.
Ahead of Sunday’s march, Vancouver Police spokesman Sgt. Randy Fincham indicated the force had not been dissuaded from participating by an open letter asking for them to voluntarily withdraw.
“We will have a visible police presence both walking in the parade, and securing the parade route,” he said in an email.
The unfunded British national debt in 1715, at the end of the War of the Spanish Succession, was roughly £30 million. The individual securities that made up this unfunded debt were not standardized, hence not very liquid. Hence the arbitrage opportunity call the South Sea Company. The South Sea Company would buy up the debt from the government, collect the interest, and pay out the interest as dividends on its own standardized shares.
ShutterstockWhile the Vancouver real estate market takes a moment, Toronto real estate showed no sign of slowing down. The latest statistics from the Toronto Real Estate Board (TREB) showed higher prices, strong demand for detached homes, and inventory continued to shrink.
Submitted by Charles Hugh-Smith of OfTwoMinds blog, The incredible luxury of having a bedroom to yourself is out of reach for all but the very well-paid. Having an apartment to yourself requires serious money. Those who say there are only two sure things in life, death and taxes, should add a third sure thing: realtors and stock market mavens will deny there's a bubble even when it's obvious to everyone the bubble has already reached insane levels of overvaluation.
The debate begins at 4 p.m. EST.
VANCOUVER — Federal Liberals get their first chance today to directly compare and contrast the nine candidates promising to lead their once-mighty party out of the political wilderness.
More than two years ago, economists started talking about a bubble in Treasury bonds that would eventually burst, just as the dot.com bubble and the housing bubble had. If that happens, the prices of long-term bonds could fall by 10% to 20%. So far, that bond bust hasn’t materialized. But one of the characteristics of bubbles is that they often go on longer than anyone expects. What is most troubling now is that the problem is spreading beyond Treasuries. Excessive borrowing and ultra-low interest rates are now distorting all the debt markets.