Is Calgary the next property hot spot for foreign buyers? Apparently the answer is out… Confirmed : Nope. Foreign Investors are Still not Rushing to Montreal and Calgary Actually, Foreign investors ignoring Calgary, Montreal real estate markets Calgary has a glut of unsold condos, so earlier this year, with a tax on foreign buyers in […]
Toronto Homes – What can you get for $1 million today?
As a sequel of “Toronto Real Estate Revolution – Home Buyers Resist to Buy, Home Sellers Persist on Price”, Let’s take a look what can you possibly get for $1 million in Toronto today. Realistically, these are your option:- $1.18M “Let’s just call it ‘rustic’?” “Brilliant!” “To the printers!” “Can we get tetanus shots there?” Or […]
Toronto Real Estate Revolution – Home Buyers Resist to Buy, Home Sellers Persist on Price
Toronto real estate is undergoing a revolution no less dramatic than the French Revolution. Home Buyers staged a Coup d’état, they boycott buying home in the hope that the housing market will crash as a result. The have-nots wanted a real change in regime. They wanted to transform Canada from an “Sellerland” to a “Buyersphere”. They […]
Sorry, Housing Crash will not happen to Toronto
Many believe housing crash is nigh for Toronto. Early numbers hint at larger decline in GTA home sales: expert … Toronto’s suddenly dipping housing market appears poised to decline at a higher rate, according to early June numbers from one real estate expert… CTV News Canadian home sales fell 6% in May, but prices still higher […]
Canada Infrastructure Bank’s Impact On Real Estate
Today, the Conservatives are questioning the establishment of “Canada Infrastructure Bank”. Whereby the Conservatives charge that “the Liberal government is asking taxpayers for $35 billion—which roughly equals $1,000 per Canadian—to start a new “infrastructure bank.” Obviously, our focus is folks-orientated as usual: So, how does the proposed “Canada Infrastructure Bank” benefit folks with “higher tax […]
Canadian Homes Prices are 4th Priciest whereas Income ranked 11th in the world
When it comes to home prices vs. income, Canadians are like couples with mismatched libidos … Okay, bad analogy here. The truth is we got a real serious Mismatch: Income and Expense Volatility Are Undermining Households HARD FACTS Canadian homes prices are the 4th priciest in the world. Whereas Canadian income (GNI) ranked 11th in […]