Not exact matches
The most precipitous
real estate crashes in Canada in the past 30 years — Calgary during the 1980s oil bust and Toronto in the early
1990s recession — resulted in losses of 25 % to 28 % in the average price of a house.
We saw the repercussions of just such gross - over pricing in the technology
crash following the dot - com frenzy of the late
1990's and, later, in the stocks of companies linked to
real estate.
Just as
real estate lending fuels land speculation, so the withdrawal of such credit leaves property markets to decline, sometimes with a
crash, as occurred in Japan after
1990 when its financial bubble burst.
While pension funds have been conservative with their
real estate allocations after getting burned in the
real estate crash of the
1990s, they find themselves today in an environment where commercial
real estate represents the best risk - adjusted return, according to Conway.
The
real estate market
crashed in
1990, so my first experience in
real estate was seeing what happens during a
crash.