Greg Weldon, Market Analyst, interviewed on CKNW – “Vancouver is among the most overpriced real estate markets in the world. You guys are totally tied into this.”

Michael Campbell interviewed investor and market analyst Greg Weldon, of Weldon Financial, on CKNW Money Talks radio show 4 Dec 2010 [9am show], at 9.15am [hat-tip to Renting at vancouvercondo.info 4 Dec 2010 1:18pm]. Extract –
After discussing the global debt bubble, and the sovereign debt crisis, Weldon notes that “timing the failure becomes so difficult”. He discusses the “push for austerity” that is “not [only] happening in Europe”. He then says the following:
“Even when you mention Canada, by some metrics, the math is… Vancouver is among the most, you know, overpriced real estate markets that there is in the world, so, you know, it does hit home, you know, it’s a city that I love, I love visiting, it’s great, we’ve had a lot of fun there, but the reality and the math is, you guys are totally tied into this…”

5 responses to “Greg Weldon, Market Analyst, interviewed on CKNW – “Vancouver is among the most overpriced real estate markets in the world. You guys are totally tied into this.”

  1. Sadly – most Vancouver people think RE is a “Sport”.

    Many have been obviously playing with concussions.

    If you get a transfer option with your Company = to Vancouver….I suggest a definite pass.

    This place is a mess. We have a constant drone of street people going through my lane, desperate for any leavings and this is supposed to be an era of plenty.
    Food prices are going NUTS and no one is talking about it.

    The Pension plans of many US States are broke and it isn’t much better here in Canada. Don’t listen to the guys that say all is well. Do some reading.
    Check this excellent blog and GET the true stuff – not the house PORN that is leaked out of the big Media.

    Cash and be smart, bub – it’s going to be at least a generation to clean this mess up – and many people are already wiped out, they just don’t know it yet.

    It gives me no pleasure in even thinking this – and I wish the portends were better.

    They stink.

    • “Food prices are going NUTS and no one is talking about it”

      I don’t believe you. Fish has been +/- 10% of the same price for the last 5 years. 4L jugs of milk at Save-On are the same price I used for pay 10 years ago at Superstore. Sale prices on fresh produce haven’t budged in the last few years. Beef and chicken are +/- 10% of the same price for the last 5 years. Rice, flour, and pasta aren’t appreciably different– on a dollars basis, they’re cheap enough that I’ve never paid attention to their prices, and still don’t worry about them.

  2. Pingback: Greg Weldon, Market Analyst, interviewed on CKNW – “Vancouver is among the most overpriced real estate markets in the world. You guys are totally tied into this.” | Vancouver Real Estate Anecdote Archive « Closing Bell Cafe

  3. I think food is much cheaper in the suburbs of Vancouver than middle class conceits like Urban Fare or Whole Foods.

  4. M-“on a dollars basis, they’re cheap enough that I’ve never paid attention to their prices”

    Maybe that is everyone’s problem…You are saying don’t worry, prices aren’t going up. But in reality they are going up…you just aren’t paying attention.

    I work with a guy who is slightly OCD. He has been tracking his families individual grocery spending on individual commodity basis for the last 10 years. He has graphs and charts, trends of cost for every food item they consume. I will try to get a copy. He showed me once, and the stats show that prices are increasing.

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