Friday, 17 February 2012

Bloomberg头条 : 加拿大房市面临重大跌幅 (2/17)

金融界资讯权威 Bloomberg 今日在头条发表:
加拿大房市面临严重 下跌危机

加拿大房市泡沫现在被摆上世界舞台

Canada Housing Poised for ‘Severe’ Drop

Bloomberg - Feb 17, 2012 3:30 AM PT Fri Feb 17 11:30:00 GMT 2012
Canada may be on the cusp of a “severe” housing correction as real estate investment surges above a tipping point relative to economic output, according to George Athanassakos, professor of finance at the Richard Ivey School of Business.

The CHART OF THE DAY shows Canada’s housing investment as a percentage of gross domestic product, and the declines in inflation-adjusted house prices that follow when this ratio tops 7 percent.

Eventually, everything boils down to demand and supply,” Athanassakos said in a telephone interview from Western University in London, Ontario. “Whenever this ratio goes over 7 percent, it signifies overinvestment in housing and two or three years later, we have a severe correction.”

Canada’s housing market is booming as historically-low interest rates fuel purchases, driving up home prices and adding to record household debt. Canada’s ratio of housing investment to GDP has averaged 5.8 percent over the last 50 years and is currently at about 7 percent, based on Statistics Canada figures as of the third quarter of 2011, Athanassakos said. Housing investment includes spending on new homes, renovations and real estate transaction fees.

http://www.bloomberg.com/news/2012-02-17/canada-housing-poised-for-severe-drop.html

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