After predicting (actually complaining about) Vancouver will be a ghost town soon, and that Vancouver will belly up because no foreigner will come simply because there is 15% tax on foreign home ownership. Image Source Pundits have it there will be a spillover effect into other Canadian markets as a result of the new 15% tax on […]
The Real Estate Dilemma: Foreign Speculations, Backlash, and Alternatives
The Canadian Mortgage and Housing Corporation’s (CMHC) latest report warns of “problematic conditions” in the country’s largest housing markets. “In Toronto and Vancouver, this is due to the combination of price acceleration and overvaluation.” In an attempt to cool the most controversial housing markets – Vancouver, whereby average home prices has shot up more than 36% in just […]
Americans are coming to gobble up Canadian real estate soon
In the event Hilary Clinton looses the presidential race, Donald Trump-hating Yanks will be relocating to Canada in drove … ‘Moving to Canada?’ US real estate agent tells Trump, Clinton haters not to worry — he’ll sell their house Image Source
CMHC sees no housing bubble whatsoever
There is no Housing Bubble, you hear that loud and clear? Image Source CMHC sees no 1980s style housing bubble in Toronto high-rise condo market Financial Post – Jul 19, 2016 Canada Mortgage and Housing Corp. sees very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the marketcrashed. […]
Canadian Real Estate Crazy Horse Show
While house prices are soaring, so is unemployment. What can we make up of such a scenario? Can we assume real estate market has nothing to do with economy in reality? Else, how do you explain house prices still going up when more and more people are getting unemployed? On the rise in Hamilton: housing prices & […]
The Real Estate Gold Rush
Everyone has a crush for real estate these days … Even people traditionally has nothing to do with real estate, in fact, enemies of the brick and mortar business model – The Geeks: – Google and Facebook employees are flocking to a startup that’s … Image Source Tech Insider–Jun 23, 2016 But it wasn’t a traditional real estate […]