“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 […]
Foreigners Are Not The Root Cause For Canadian Housing Crisis?
Assuming “The Housing Crash Conspiracy Theory” is real, then foreign investors aren’t really the most significant factor. Because foreigners made up of just about 5% of the real estate purchases in Canada. That said, is 5% such a significant number (that can cause a severe housing crisis)? Want my money or not? Image Source Early data shows foreign nationals […]
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 […]
Home Prices Will Tumble Down Soon?
The real estate market is getting too hot, prices have reached insane level, our Liberal leaders wanted the house prices to drop … Image Source How Canada’s hot housing market is propping up GDP growth bnn.ca – Jun 30, 2016 The real estate and rental category measured as part of Canada’s GDP represents the output of real […]