So far, only “Q(estions)”, no “A(nswer)” yet. Vancouver Villa VANCOUVER — In this city of million-dollar fixer-uppers and $1.6 million west side building lots, real estate is a religious pursuit, a hunt for the minimally affordable. So, a two-day conference bringing together about 2,500 real estate executives from across Canada, is bound to be of […]
Mirror, mirror on the wall, what lies ahead for Canada’s real estate ?
Story from http://www.theglobeandmail.com/ … Aggressive development: Inside the building and selling of a Toronto condo tower A man who makes a living helping the country’s largest bank avoid risks is preparing to double down on a market that many people believe is on the verge of a nasty fall. Babak Habibzadeh, a 29-year-old risk manager with Royal […]
Bad News: Bringing dirty money into Canada is now a little harder
But still totally possible … Story from http://www.cbc.ca/news/ B.C. property market hazy after ‘millionaire visa’ scrapped Tens of thousands of applications from wealthy investors scrapped after two years on hold Real estate agents in Vancouver say property prices could take a hit, after Canada scrapped a program which allowed wealthy immigrants to fast-track the visa process. […]
Cautiously Speaking, There Is No Housing Crisis
Don’t believe the economists … They know nut, according to realtors, of course. And according to me … No comment. Toronto’s Huge House Price Spikes Starting To Alarm Economists Huffington Post Canada – Feb 12, 2014 “Accelerating home prices in Toronto risk straining affordability further, causing a correction when interest rates normalize and the market is trying to absorb a record number of […]
Soft Landing Is … Condo Is Back In Action
Condo and townhouse construction helped push up housing starts in Toronto in January, while it slipped sizably in the rest of Canada. Toronto condo and townhouse construction defies national decline Condo and townhouse construction helped push up housing starts in Toronto in January, contrary to most of the rest of the country where they slipped below expectations. Condo and […]
All detached homes are lined with gold
… even those located just across dumpsite, incinerator, or perhaps nuclear reactors. No end in sight for rising cost of single family homes If it seems like high-rise condominium units are keep getting smaller and affordable single family homes are getting harder to find, it’s true. Prophet or contrarian? Economist’s grim reading of Canada’s housing […]