Seems like there will never be any setback for real estate in Canada because whenever there is one, there will always be another story or justification (usually many more) that business will rebound in no time … Here is yet another one: – Home construction to recover in 2014 By: Darren MacDonald – Sudbury Northern Life […]
Canadian money is in the hand of crackheads, gangsters, fraudsters, and lawbreakers ?
First, we got Mayor Rob Ford the Crackhead, then we have Laval Mayor Alexandre Duplessis the Sex Addict, Prior to that, we have gangsters, fraudsters, and all kind of lawbreakers sitting in Mayor offices all over the Great White North … What does it mean when we also know organization like CMHC has accumulated absolutely fragile and […]
CMHC thinks real estate market is heading south ?
According to Bloomberg, CMHC is not as optimistic as their realtor friends who are always sure real estate price will keep going up for the next millenium, at least. Canada Mortgage Trims Home-Starts Call on Slower Economy Canada’s housing agency further trimmed its forecast for housing starts this year amid modest economic and employment growth. The number […]
CMHC knows what to do with $23B in hand, but not $700B liabilities on her shoulder ?
Apparently CMHC is hiring consultant how to mess with her $23 billions or so cash in hand. We wonder what is her strategy in case the $700 billions she is shouldering on behalf of taxpayers go belly up ? Canada Mortgage and Housing to form investment consultant pool BY RICK BAERT Canada Mortgage and Housing […]
Toronto Is Doubling Up Condo Development Charges
If Toronto city council goes ahead with a proposal to double condo development charges, those extra costs – some $7,671 on the average one-bedroom unit and $10,624 on the average two-bedroom – are likely to land right in the laps of unsuspecting … Condo boom: Builders say doubling development charges threatens downtown The proposed higher rates would come closer to […]
Canada worries about condos, people worry about taxes & cottage properties boom
While Canada worries about condos, people worry about taxes … Real Estate Cheat Sheet: Bank of Canada worries about condos; homebuyers worry about taxes The top stories in Toronto real estate this week: the Bank of Canada takes aim at the city’s condo market (again), and the building industry tallies up taxes and government charges on […]