Another analyst has come out with a “short Canada” message for investors. Ben Rabidoux, Hanson Advisor analyst, says that while Canada’s housing market surged in the wake of the financial crisis – when real estate markets in other developed economies, particularly the U.S., suffered double digit sales and price declines – that strength is not […]
Every home in Canada is lined with Gold
No kidding. These days, there is no way you can get anything with a real roof for less than $100K grands, not even under the rock ! I am serious … Even rotten shacks in New Brunswick will burn you an average of $157,124. Honestly, a $200K – $300K home can never be classified as “cheap” […]
Illicit Chinese Cash Stops Flowing Into Canada Real Estate
Canada Loses Luster as Destination for Illicit Chinese Cash Chinese fugitives who touched down in Vancouver or Toronto with suitcases of illicit cash might find it harder to keep their fortunes. Canada became the first country to reach a deal with China to share forfeited assets in an effort to target international organized crime, according to […]
Kim Kardashian Publicly Humiliated By Toronto Skyscrapper Builder
Image Source One erects buildings, the other erects … well, you know … but it seems a construction company in Canada is taking a shot at Kim Kardashian with a hilarious street sign, and TMZ has the pic. The Bay Adelaide Centre in Toronto, Ontario is currently under construction — but in an effort to […]
Real estate agents leave in droves
One of the “tricks” used by apologists of real estate bubble is – “Don’t compared Canada to US, compared us to Australia. We are more like Australia.” Here is a piece of Aussie news the apologists wouldn’t mention to you, I guess. Real estate agents leave in droves as boom times end in Perth property […]
Is this a trick to get people to rush in to buy a home ?
Banks threatens mortgage rate will go up (so that people will buy a home quickly) as a trick to fulfill their mortgage quota (shortfall) ? I won’t be surprised. Banks did just that a few years ago … Probably more than once and the interest never ever go up, only down (until today). First-time home […]