It never was, and it will never be one. Pressure builds on Bank of Canada to tackle house prices by raising interest rates Bank of Canada Governor Stephen Poloz said this month that 30 per cent gains in Toronto house prices are not sustainable and have been driven in part by speculation… Financial Post And here […]
What Housing Bubble, What Mortgage Trouble?
U.S. investment bank Goldman Sachs says there’s an almost one in three chance of Canada’s housing market going bust in the near future. “The end of Canada’s housing boom?”, so said The Economist. Utter Nonsense? Sounds like it because … Although concerns about Canada’s record level of household debt have intensified recently. And a recent […]
Canadian Real Estate Midlife Crisis
Looks like Canadian real estate is going through a midlife crisis? Perhaps much more severe and complicated than that mere midlife crisis per se. First, we see home price hotter than hot still … Average Canadian house worth $559317 last month, up 10% in past year – Canadian house prices continue to march higher, with the […]
Home prices may drop as much as 50%
Government of Canada is determined to pop the bubble for those suffering from “Forever Appreciating Property Syndrome (FAPS)”. They have announced various measures will be taken in an attempt to stop the insane real estate price increases (to the tune of up 36% in one year for Vancouver), particularly residential dwellings. They have indicated pretty […]
Fancy Real Estate Shortage Solutions & Wise Up To Property Finance
Toronto real estate supplies shortage is happening to very single category: – House, Condo, Office, Store, Workshop, Warehouse, Manufacturing Plant, even Camping Ground, you name it, they will tell you there is shortage. That’s why when people tell me they are looking at camping out in a tent or staying in a trailer/boat, my answer is […]
The Great Canadian Real Estate Continues To Fly Sky High
House prices are coming down like “London Bridge is falling down”? Dream on … Housing Bubble or not, all indications suggest no one believes Chicken Little: “The sky is falling!” … Canadian Real Estate Could Still Get Way More Expensive Huffington Post Canada – Jul 16, 2016 Global comparison puts Canadian home affordability in perspective. Image […]