We have been talking about the nuttiness of Canada's real estate for some time, most recently here.
There is nowhere more nutty than Vancouver, and it is demonstrating the classic signs of a bubble, including frantic panic buying.
You can read all about real life experiences at Vancouver Real Estate Anecdote Archive. (HT Paul Kedrosky)
Thanks for your great posts. I've followed you for quite awhile and you offer some of the best insight in the financial blogosphere.
I've done a lot of research on the Canadian residential real estate market, but I've yet to find the appropriate vehicle to capitalize (short). I've even raised capital and have access to capital to play this theme (total estimated capital to risk ~$4-6mm). I've began my inquiring into the banking community regarding a product of this nature. I'll be happy to share what a find. I have a tendency to reciprocate (again, you've posted great insight over the years).
I'd love to trade notes with you on appropriate vehicles.
Kevin Flick |
April 18, 2010 at 04:40 PM
Thanks for the kind words.
I have just begun to think about how to play Vancouver real estate on the short side. I haven't figured it out yet. I do think it is too early, however.
April 18, 2010 at 05:12 PM
wow on the crack shacks.
asians love their bubbles as much as new yorkers.
alan smithee (nee kerry" |
April 18, 2010 at 11:10 PM
Buyers here are just rushing in to buy just before the HST kicks in...it'll be interesting to see how the dust settles after July 1st.
April 19, 2010 at 04:58 AM
Agreed Toro. But tee'ing up the appropriate vehicle is necessary. My calc is we are 5-6 months away from putting this trade on. 2011 = sh1t hits the fan, imho.
Kevin Flick |
April 19, 2010 at 05:13 AM
I would love it if you find a vehicle to short vancouver real estate! I think we are 3-6 months from the peak.
Toronto Bear |
April 24, 2010 at 11:04 PM
Any word on a way to short Vancouver Real Estate?
September 27, 2010 at 03:31 PM
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