Low interest rates are a form of economic junk food. It’s true in the housing market, where low rates have glossed over a striking decline in affordability in the past two decades. A sustainably strong housing market is based on fundamentals like a reasonable match between growth in incomes and home prices, not the economic […]
Housing collapse ? Banks no sweat. It’s you
Bank got no risk … Their risks have been underwritten by government – you. Banks could withstand housing collapse, but consumers vulnerable, warns Canada’s top financial watchdog Peter J. Thompson/National Post While “comfortable” with the amount of capital that banks hold against their mortgage lending, Julie Dickson, head of Office of the Superintendent of Financial Institutions, […]
Real estate will continue to boom because more money is being unleashed
Good News Thirty-year mortgages remain a focus for OSFI Canada’s banking regulator is still monitoring 30-year mortgages, the head of Canada’s financial regulator told a conference of mortgage brokers in Toronto on Monday. In recent years there has been a shift in the marketplace, with lenders offering more 30-year amortizations, and that’s something that the […]
Realty 2014 – What guru says about Toronto’s housing market ?
Real Estate Cheat Sheet: what the experts are predicting for Toronto’s housing market in 2014 With the end of the year in sight, real estate experts are scrutinizing sales data, demographic trends and interest rates to try and divine what 2014 might bring for the Toronto market. Here, a few of the trends they’re expecting […]
People still lining up for condo in “unreal” Montreal
A foreign attraction to Montreal’s real estate market People are seen waiting outside the offices for the Seville condos on St-Catherine St. W. in 2010. Photograph by: Dario Ayala , The Gazette MONTREAL — Down the street from Montreal’s old Forum, in a bustling neighbourhood now dotted with Chinese noodle shops, ethnic grocers and new construction, […]
Rob Ford: “No Real Estate Bubble In Toronto (As Long As I Am Still The Mayor)” ?
What Realty Bubble ? Toronto ? All is well … Chris Farley/Rob Ford Mashup This week, as Toronto mayor Rob Ford continued to careen off the rails, everyone pondered how great it would be if Chris Farley were still alive to mimic Ford on Saturday Night Live. Many comedians have pointed out Mayor Rob Ford’s resemblance to late comedian Chris […]