Economy

GTA high-rise home sales on pace for record

Sales of new high-rise homes in the GTA are on pace for a record year, the Building Industry and Land Development Association (BILD) said Thursday. As of August 31, 17,949 new high-rise homes had been sold in the GTA, a record for this point in the year. While August is typically a slower sales month, […]

By Staff |September 22, 2016

2 min read

The BoJ could drop helicopter money

The BoJ should participate in a “helicopter money” scheme with the Japanese government if it hopes to convince investors that underlying growth will pick up, TD Economics says. The bank says in a note on Tuesday that Japan has been a “case study” in secular stagnation over the past 25 years, with per capital income […]

By Staff |September 20, 2016

2 min read

China debt-to-GDP gap hits 30.1%

China’s large debt is growing and posing a risk to the global economy, according to data from the Bank for International Settlements (BIS). BIS measures the credit-to-GDP gap, defined as the difference between the credit-to-GDP ratio (corporate and household debt) “and its long-run trend.” The BIS says the measure is “a useful early warning indicator […]

By Staff |September 19, 2016

1 min read

Fed insider warns of consequences of low rates

Boston Fed president Eric Rosengren is warning that low rates are negatively effecting asset prices, reports The Wall Street Journal. As of March, commercial real estate lending totalled US$3.6 trillion, provided by banks, financial firms, pension funds and life insurers. Low-yield returns brought about by the Fed and its overseas counterparts are driving real estate […]

By Staff |September 19, 2016

1 min read