Comments on: A tinge of yellow

By: Simon

Simon — Tue, 06 Jan 2009 04:06:23 +0000

Apparently there was a piece in the weekend Toronto Star that showed little or no price decreases in most markets outside the wildly overheated ones; Toronto, Vancouver, Calgary, Edmonton, etc.

What is happening outside the ones we keep seeing used to claim a real estate “meltdown”?

By: littleblackduck

littleblackduck — Mon, 05 Jan 2009 16:37:42 +0000

Midas , the reason all the news in Canada is the same is because they all pull from the same sources: the Canadian Press and press releases. In fact, I’d say about 90% of everything in a newspaper originates from a press release – whether a paid source like Canada Newswire, etc. or individually like the city police and so on. They are also bandwagon jumpers – they tend to follow what they think everybody else is saying.

There’s no conspiracy, just no budget for investigative news and lazy journalism.

As for gold, the spike the past year was on the expectation of future inflation, as someone pointed out. I argued that gold to inflation was like the Miami condo to the baby-boomer retiree – the prices skyrocketed in anticipation of events way too soon before they were about to actually occur, and now may not occur at all any time soon. Those baby-boomers portfolios took such a hit they have to delay retirement by several years for some of them, and in the near term we’re now looking at global deflation…

By: Investx

Investx — Mon, 05 Jan 2009 07:15:03 +0000

#63 Keith in Calgary said:

The median average family income in Calgary is $65,488â€¦â€¦.source â€œSTATSCANâ€ which is linked belowâ€¦â€¦

http://www12.statcan.ca/english/census01/products/analytic/companion/inc/calgary.cfm

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Uh, this is a 2000 statistic, not a recent one. From your source:

“In 2000, one-half of families in Calgary had income above $65,488 …”

By: TheFirstRick

TheFirstRick — Mon, 05 Jan 2009 06:23:48 +0000

#64 Doubting Bennie Tal on 01.04.09 at 10:17 pm Has anyone done a scorecard on Benjamin Talâ€™s predictions? I remember him saying many things regarding the stock markets, real estate market, the strength of the Canadian dollar, etc. I havenâ€™t heard him correctly predict anything. I find it hard to believe his â€œopinionâ€ on how much real estate will fall in Canada.
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Scorecard? When he speaks, hardly anyone can understand him.