Vancouver – The Burning Platform

What do Vancouver, London, Stockholm, Sydney, Munich, and Hong Kong all have in common?

According to economists at UBS Wealth Management, these six cities all have the notorious designation of being the real estate markets furthest into “bubble” territory:

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The major Swiss bank recently published the results of their 2016 Real Estate Bubble Index. The report found that since 2011, the six cities in “bubble” territory have seen housing prices soar at least 50% on average. Meanwhile, in other comparable markets, the average increase in prices was less than 15% over the same timeframe.

Continue reading “Real Estate Bubbles: The Six Cities at Risk of Bursting”

Guest Post by Harry Dent

The global real estate bubble is bursting.

After imposing a hefty 26% tax on foreign buyers, and a 12% to 16% surcharge for buyers who flipped their house between one and two years, Singapore real estate has declined 21.5%.

Vancouver has taken similar measures, and – surprise, surprise – its real estate is down 24% in just five months!

That’s what I mean when I say that when bubbles burst, they do so dramatically and rapidly.

But this is likely just the beginning…

I put Singapore into razor-sharp focus in February of last year when I noted it had some of the most expensive real estate in the world. It has the highest standard of living of any country in Asia – even higher than in the U.S.!

The problem is that the country is 100% urban and has limited land – making it incredibly susceptible to the kind of bubble that’s formed there.

And boy, has one ever.

Continue reading “The Global Real Estate Bubble Is OFFICIALLY Bursting”