First, they say Canadian mortgage rates on the rise … Canadian mortgage rates on the rise Mind you, the hike is solely to increase the already fat profit margin of banks, it has nothing to do with interest rate, not yet. For the record, interest is still the same old artificially suppressed rate we have […]
New York Times & Globe and Mail: “Toronto Condo Crash Is Quite Real”
Toronto Condo Market Crash A Real Possibility: New York Times It’s no secret that Toronto has one of the developed world’s most hyperactive housing markets right now. The city is the undisputed leader in North America for high-rise construction, an impressive (some would say alarming) fact considering it has a fraction of the population of […]
Times Are Still Good, Government Dares Not Raise Rate, Banks Up Charges And Continue To Profit Insanely
Analysis – The buyers are back, Canada housing market defies doomsayers US-ECONOMY-HOUSING-ANALYSIS: Analysis – The buyers are back, Canada housing market defies doomsayers TORONTO (Reuters) – Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage […]
The Never Ending Realty Boom Of The Great White North
Seems like there will never be any setback for real estate in Canada because whenever there is one, there will always be another story or justification (usually many more) that business will rebound in no time … Here is yet another one: – Home construction to recover in 2014 By: Darren MacDonald – Sudbury Northern Life […]
Canadian money is in the hand of crackheads, gangsters, fraudsters, and lawbreakers ?
First, we got Mayor Rob Ford the Crackhead, then we have Laval Mayor Alexandre Duplessis the Sex Addict, Prior to that, we have gangsters, fraudsters, and all kind of lawbreakers sitting in Mayor offices all over the Great White North … What does it mean when we also know organization like CMHC has accumulated absolutely fragile and […]
CMHC thinks real estate market is heading south ?
According to Bloomberg, CMHC is not as optimistic as their realtor friends who are always sure real estate price will keep going up for the next millenium, at least. Canada Mortgage Trims Home-Starts Call on Slower Economy Canada’s housing agency further trimmed its forecast for housing starts this year amid modest economic and employment growth. The number […]