Vancouver real estate market heating up again as sales and prices recover from buyers tax Realtors in Canada’s most expensive city for housing report that market activity returned to near record levels in May, a mere nine months after the province introduced a 15 per cent tax on foreign buyers… Financial Post Condo flipping on […]
Canada Tops Indebtedness, Vancouver’s Costliest Listing, Cooling Measures Backfires, Bubble Coming Back
Real Estate Roundup Global News reported Canada is a celebrity when it come to debts, not only houldhold debts, but also commercial debts that is heavily skewed toward real estate. While the real estate is entering a tumultous era, Vancouver shows off her most expensive listing ever – $63 millions Belmont Estate, a 21,977 sf home […]
Vancouver Real Estate Rebounded – Sales Up & Prices Up
First, we heard, Bubble, bubble, Canada’s housing market poses trouble, IMF says MarketWatch Canadians’ Faith In Real Estate Fizzles As Toronto Sales Plunge That confidence is now falling as evidence mounts of a slowdown in the Toronto area, Canada’s largest housing market. The Bloomberg Nanos consumer confidence barometer found the share of Canadians expecting house prices […]
New Taxes On Foreign Buyers Will Not Affect Vancouver Real Estate Sales In The Long Run
After predicting (actually complaining about) Vancouver will be a ghost town soon, and that Vancouver will belly up because no foreigner will come simply because there is 15% tax on foreign home ownership. Image Source Pundits have it there will be a spillover effect into other Canadian markets as a result of the new 15% tax on […]
Affordability Complaints resulted in Real Estate Clampdown & Housing Crash Drills
As a result of damning allegations such as this, How Foreign Investors Are Using Drug Cartel Tactics in the Canadian Real Estate Market VICE – Jul 25, 2016 Canada’s freakshow real estate market has been drawing a lot of international attention as of late. A few weeks back I talked to an infamous Wall Street short seller who is […]
Toronto to infuse some life into highrise condo for families
The writing is on the wall, condo dwellings will go up into the sky and the square footage will shrink along the way … In the beginning, it was about 1,500sf for a standard 2-bedroom condo, the standard square footage was quickly reduced to about 1,000sf few years later. Today, we are talking about 500sf-700sf for a […]