Quantitative easing by key economies is providing much of the needed fuel firing up the Canadian property real estate market. Photo: AFP Houses for sale at a new property development in the oil-sands-rich boomtown of Fort McMurray in Alberta on October 24, 2009. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. AFP PHOTO/Mark RALSTON Quantitative easing by key economies is providing much of the needed fuel firing up the Canadian property real estate market. Photo: AFP Houses for sale at a new property development in the oil-sands-rich boomtown of Fort McMurray in Alberta on October 24, 2009. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. AFP PHOTO/Mark RALSTON
Quantitative easing by key economies is providing much of the needed fuel firing up the Canadian property real estate market. Photo: AFP Houses for sale at a new property development in the oil-sands-rich boomtown of Fort McMurray in Alberta on October 24, 2009. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. AFP PHOTO/Mark RALSTON
Stephen Chung
Opinion

Opinion

Concrete Analysis by Stephen Chung

Canada residential real estate looks risky, but it’s not everywhere

The residential sector is all fired up, but is it staring at a bubble and will it pop?

Stephen Chung
Stephen Chung

Updated: 2:54pm, 20 Jul, 2018

Why you can trust SCMP
Quantitative easing by key economies is providing much of the needed fuel firing up the Canadian property real estate market. Photo: AFP Houses for sale at a new property development in the oil-sands-rich boomtown of Fort McMurray in Alberta on October 24, 2009. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. AFP PHOTO/Mark RALSTON Quantitative easing by key economies is providing much of the needed fuel firing up the Canadian property real estate market. Photo: AFP Houses for sale at a new property development in the oil-sands-rich boomtown of Fort McMurray in Alberta on October 24, 2009. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. AFP PHOTO/Mark RALSTON
Quantitative easing by key economies is providing much of the needed fuel firing up the Canadian property real estate market. Photo: AFP Houses for sale at a new property development in the oil-sands-rich boomtown of Fort McMurray in Alberta on October 24, 2009. At an estimated 175 billion barrels, Alberta's oil sands are the second largest oil reserve in the world behind Saudi Arabia, but they were neglected for years, except by local companies, because of high extraction costs. Since 2000, skyrocketing crude oil prices and improved extraction methods have made exploitation more economical, and have lured several multinational oil companies to mine the sands. AFP PHOTO/Mark RALSTON
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Stephen Chung

Stephen Chung

Stephen Chung is managing director of Zeppelin Real Estate Analysis and an honorary adjunct professor of the University of Hong Kong