Toronto’s housing market is looking like the world’s biggest real estate bubble, with Frankfurt not far behind in a UBS Group AG study of cities with the greatest potential for home-price declines in the coming months.
Canada’s financial capital rose to the top position in the Swiss bank’s annual ranking of real estate markets most in danger of correcting. Cities from Amsterdam to Tokyo also saw their risk levels increase, according to a report released Wednesday.
“We are witnessing the global owner-occupied housing boom finally under pressure,” the bank wrote in its report. “In a majority of the highly-valued cities, significant price corrections are to be expected in the coming quarters.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andrew Pyle's Top Picks: October 11, 2022 - BNN BloombergTopPicks from Andrew Pyle, investment advisor and portfolio manager, CIBC Wood Gundy
Read more »
No relief in sight for Toronto renters feeling the pinch: Broker - BNN BloombergToronto-area real estate broker John Pasalis doesn’t see any relief in sight for renters in Canada’s largest housing market.
Read more »
The stock market could bottom in 2024: David Rosenberg - BNN BloombergInvestors looking to take advantage of market lows could be waiting until 2024, according to David Rosenberg, the founder and president of Rosenberg Research.
Read more »
The Daily Chase: Markets navigate global uncertainties; Expert warns of risks ahead for homeowners - BNN Bloomberg🏦Bank of England's 'fire sale' warning ‼️ IMF: 'Worst is yet to come' 🏡'Serious pain' for some homeowners Here's what you need to know today:
Read more »
Goldman Sachs says too early to price in a U.S. Fed policy pivot - BNN BloombergGoldman Sachs analysts say it's “too early” to price in a dovish turn in Federal Reserve policy as the economic outlook isn’t bad enough yet, and rates markets remain too volatile.
Read more »