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Tag Archives: Downtown Vancouver Real Estate and Economics
Will Inflation make a Comeback and How Will it Affect Vancouver Real Estate?
Inflation and Vancouver Real Estate – Will Inflation be an Isssue 2-3 years out? By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
Stimulus packages coupled with ultra low interest rates are attempts by national governments and central banks to reflate economies around the world. If these efforts are successful (I think they will) I think inflation will be an issue in 2-3 years in Canada. I think elected politicians and to a lesser extent central bankers will find it very difficult to stop priming the pump once things improve.
I think changes in the Chinese economy will also push up inflation as we move forward. A 2007 Report by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has said inexpensive Chinese exports have kept inflation around the world in check. As China develops though, the cost of China’s labour becomes more expensive, pushing up costs for the huge amount of simple products it exports around the world.
How does this relate to Vancouver Real Estate?
Inflation will cause prices and rents in Vancouver to increase while fixed rate mortgages locked in before inflation hits will decline in real and nominal value at an accelerated rate. Equity will increase at an accelerated rate for those with fixed rate mortgages.
Variable rate mortgage holders would see their rates and possibly payments rise in line with Bank of Canada rate increases to combat inflation.
If inflation does re-appear it will be very interesting time in the Vancouver Real Estate Market.
I’d love to hear everyone’s thougths!
Will the Stimulus Package help Vancouver Real Estate?
Hi All,
The global recession has caused national governments around the world to enact huge stimulus packages to get their economies going. I think with the global nature of stimulus efforts we should pull out of this recession in line with the Bank of Canada and other commentators predictions by 2010.
What are your thoughts? Is it the end of the world? Are we going into another Great Depression?
I’d love to see your comments below.
I found this great interactive map on the Economist site and I wanted to share it. If you click on the countries you can see the details of each countries stimulus package.
Why Vancouver Real Estate is Doing What its Doing By Paul Krugman
The Financial Crisis Explained by Paul Krugman! By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
View in HD Download 480p Version Visit Mike Stewart’s ExposureRoom Videos Page
Have a look at this article below by Paul Krugman that I recently read in the Guardian. It explains clearly and in an easy to understand manner, what in the US and its effect on the rest of the World.
I am a big fan of Paul Krugman. I took Political Science at Simon Fraser University and I read alot of his stuff. I love it and I’d love to hear your thoughts!
We all go together when we go
The first great financial crisis of the 21st century has begun. Nobel prize-winning economist Paul Krugman explains how it happened, and how it can be cured
We all go together when we go
The first great financial crisis of the 21st century has begun. Nobel prize-winning economist Paul Krugman explains how it happened, and how it can be cured
I’m tempted to say that the crisis is like nothing we’ve ever seen before, but it might be more accurate to say that it’s like everything we’ve seen before, all at once: a bursting real estate bubble comparable to what happened in Japan at the end of the 80s; a wave of bank runs comparable to those of the early 30s; a liquidity trap in the US, again reminiscent of Japan; and, most recently, a disruption of international capital flows and a wave of currency crises all too reminiscent of what happened to Asia in the late 90s.
Let’s tell the tale.