“The Real Estate Business Will Never Die In Canada, Not Even A Setback … We Guarantee You” ? How So & Why Not … ? “Because if it does, we as your Almighty Government will bail it out using your hard earned money …” ? Your guess is as good as mine. No ugly downturn for condo […]
Canada Home Prices: I cannot justify purchasing properties at prevailing prices for a number of reasons …
Canadian home ownership inches further out of reach Toronto-Dominion Bank economists, who estimate that home prices nationally are overvalued by 8 per cent, said in a recent report that they believe affordability is at it’s weakest point since about 2000 because of the sharp rise in home prices in recent years. Home sales recovering but […]
Canadian realty speculators running for their lives (turning to U.S markets for asylum) ?
Is this a concrete sign that the end is really nigh for Canadian property market ? Could this be the trigger … ? TD and RBC mortgage rates up, following other banks For the most part, Canada’s largest bank is increasing the rates by 20 basis points, with its fixed five-year closed mortgage rising to 5.34 per cent and its five-year […]
CMHC was a key factor in creating the housing bubble ?
CMHC cools mortgage market with new cap for banks Canada Mortgage and Housing Corp. is putting a cap on the amount of mortgage-backed securities sold by banks that it is willing to guarantee. A spokesperson with CMHC confirmed media reports Monday that the national housing agency will, effective immediately, limit banks and other mortgage lenders […]
Tiny Toronto House Selling For $229,000: Hey, It’s Cheaper Than A Condo
Actually, it’s a GARAGE. If you haven’t been stuck under a rock for the past several years, you likely know just how astronomical Toronto house prices have gotten. But fortunately, it’s still possible to buy a house for under $230,000 in the inner city. Yes, you heard right: A house in Toronto, close to a […]
Celine Dion’s $72-million waterpark villa
Check out Celine Dion’s $72-million home — complete with waterpark Celine Dion is selling her gigantic Jupiter Island, Florida house for $72 million US. Don’t worry, it comes with a waterpark! Worth it? Miranda Furtado Celine Dion is selling her massive $72-million Jupiter Island, Florida, home. Why the massive price tag? Well, first of all it […]