Canadian Housing Bubble Exceeds the US Bubble
Record Toronto price gap between house & condo means Canadian value is falling apart or what ?
In Canada these days, anyone with a detached home is automatically classified as Super Rich (even their “shack” is located in a rough neighborhood). Those who own condos are technically “Property Slaves”. Well, it looks like condo buyers are not likely be able to afford anything else and gotta retire with whatever shoexbox they may own […]
No housing bubble. Here is the evidence
Hot air can’t bust a housing bubble that doesn’t exist BY GARY LAMPHIER, EDMONTON JOURNAL If I’ve read one story about a possible U.S.-style housing bust in Canada, I’ve read a hundred. Indeed, the Toronto-centric national media, whose world view apparently extends from the Don Valley Parkway to Highway 427, seem absolutely obsessed by the […]
Stephen Poloz isn’t worried about a housing bubble. Why should you?
Housing market surges Canadian house prices may be seen by some as among the most inflated in the world, but observers on the home front don’t see problems on the horizon. A year ago, the housing market was suffering from new mortgage rules brought in by the government to cool things off. Now, homebuyers appear […]
Trump Tower: Toronto Epic Fail, Totally
‘Donald Trump Caterpillar’: Flannel Moth Larva Looks Like Real Estate Mogul’s Hair Trump Tower fail: the perceived value of a luxury suite in the building is now below $600,000 Schadenfreude-prone locals gleeful over the Trump Tower’s persistent problems got yet more fodder over recently. The owner of a 950-square-foot unit in the not-so-minimalist tower put it up for auction after noticing that […]
Condo game over in cities, developers now target “gullible” seniors in small towns ?
Ontario New condos spring up in Carleton Place, Smiths Falls, Almonte, Kemptville Condo apartments spread into small town Some retirees in small towns in eastern Ontario are making the move to apartment living, but a growth in rural condominiums is giving those that can afford it the option of downsizing and staying in their communities. […]