According to Globe and Mail, Toronto condo market is doomed. Toronto’s soaring condo market ignites fears of a US-style crash Historically low interest rates and financially healthy banks eager to lend have spurred Canadians to shop for houses and condos. So builders built. Prognosis grim for Toronto condo investors Warren Buffett is fond of saying that “you never know who […]
Mortgage Rate Hike = Interest Rate Up = Home Prices Down ?
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 […]