Did you know, even a house is so charred like this one, the roof caved in over the porch […] A strong wind could knock this place down … Still worth a million dollars house in Canada? Royal Bank nudges mortgage rates higher: 5-year rate hiked to 3.29% Canada’s largest lender has raised its residential […]
Vancouver house prices are simply ridiculous
Did you know in Canada, even this “burned out house, open to trespass” house is worth $ million? For Vancouver, housing and income don’t add up KERRY GOLD The Globe and Mail It’s no secret that the rich investor class is buying up properties in cities around the world, including Vancouver. In Manhattan, the super rich foreign […]
2013 – The Year Of The Great Real Estate Crash Of Canada, Eh ?
Chris Sorensen of Macleans.ca seems to think that is the case … Great Canadian real estate crash of 2013 Keith Roy began warning his clients about a faltering Vancouver housing market in early 2012. The realtor says he was tipped off not by industry statistics, but by chatter across backyard fences. “When you hear about a homeowner […]
Predictions for Real Estate Prices: Boom or Bust?
Recently, on Alberta Primetime’s Money Panel, I was asked to comment on real estate prices and some conflicting predictions about whether real estate will boom or bust. Not a day goes by these days without someone predicting what is going to happen to housing prices. I was in a restaurant and the server was talking to […]
The Biggest Housing Bubble in the World Is in … Canada?
How real is Canada’s housing bubble anyway? More real than any other country’s. Canada has a new worthwhile initiative. After years of booming prices, that bastion of politeness north of the border is looking to avoid a catastrophic housing bust for something more, well, boring. Initiatives don’t get more worthwhile, and perhaps not more difficult considering […]
Housing Bubble Unlikely, Home Price Appreciation Should Slow – CoreLogic
BY JANN SWANSON CoreLogic said today that home prices are projected toincrease 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same quarter in 2017. However, a new housing bubble is not likely as market dynamics shift for both supply and demand. Prices rose 7.3 percent in 2012. The CoreLogic Case-Shiller Index report notes […]