Hardly anyone believe only 5% of real estate buyers are foreigners Preliminary data collected by the B.C. government suggests only 5% of the recent buyers (last 20 days to be exact) are foreigners. Guess what, hardly anyone believe that is the case, many commented the 5% as flawed, misleading, obfuscatory, laughably incomplete and useless … downright […]
Real Estate Slowdown Already Started In Vancouver?
“London Bridge Is Falling Down”, sorry, it should be “Lions Gate Bridge Is Falling Down” because, The Lions Gate Bridge at dusk – Stanley Park to the left and North Vancouver to the right. Image Source Experts, investors see warning signs of real estate slowdown in Vancouver The Province – Jul 7, 2016 Still, there were already suggestions this spring […]
Brexit, Blame Games & Bubble Prevention
Pundits believe Brexit is a boon to our real estate market … Brexit and foreign money drive Canadian commercial property to all-time high Financial Post – Jul 5, 2016 Canadian commercial property has never been worth this much, according to a new report that says Brexit and foreign investment are driving the market. CBRE Canada, a […]
Home Sale Prices & Construction Business Exploded
No exaggeration. The yada, yada, yada are backed by solid facts: – Image Source Toronto-area home sale price jumps 16.8% in June CBC.ca – Jul 5, 2016 House prices in Toronto continue to surge as would-be buyers struggle with a lack of supply in a red-hot real estate market, according to a report released today by the […]
Canada’s principal economy is now real estate
Textbooks all over the world will have to be revised soon, that Canada’s economy is no longer natural resources. Our principal business is now real estate, particularly residential dwellings. While our speciality is neither an exportable commodity nor services, it is nonetheless a very high-tech thingy – a kind of super-duper technology simply known as “house-flipping” in […]
The Imminent Canada Housing Crash Revisited
Housing crash is “imminent”? You say there is housing bubble, a housing crash is imminent. They say Canada is different, they is no real estate crisis whatsoever, or even if there is a downturn, one like the U.S. simply won’t happen in the Great White North. Not a chance … Because Canadian financial institutions are simply too […]