Homelessness … sort of. Image Source Kelowna mayor feeling the heat from locals about rental housing crunch InfoTel News Ltd – Jul 13, 2016 KELOWNA – Mayor Colin Basran says he’s hearing plenty from residents affected by the rental housing crunch in Kelowna which is why he thought it necessary to release a “guest column” to […]
Revenue Canada crackdown on real estate Tax Cheats (because home prices are hiked by foreign money)?
CRA employee leaked a slideshow outlining a planned crackdown on high-end homeowners with minimal incomes with a promise of 50 extra income auditors, plus 35 other staff on the B.C. real estate project. A federal crackdown on tax cheats in Vancouver’s sizzling housing market — which is acting like a flame to speculators, real estate predators and […]
The Real Estate Gold Rush
Everyone has a crush for real estate these days … Even people traditionally has nothing to do with real estate, in fact, enemies of the brick and mortar business model – The Geeks: – Google and Facebook employees are flocking to a startup that’s … Image Source Tech Insider–Jun 23, 2016 But it wasn’t a traditional real estate […]
Canadian Real Estate: Hate It Or Love It
So said Motley Fool, which is not a fool, not even remotely close … It is an intelligent investment portal in disguise: – Canadian Real Estate Is Getting Irrational The Motley Fool Canada – Jul 14, 2016 The Economist recently reported that Canada’s housing prices are 35% overvalued when compared to Canadian incomes. Canadian real estate prices to […]
Interest Rate Remains But What About Inflation ?
The Boss decided interest rate will stay a.k.a. Money Is Almost Free. Yeah, right … Free. Dream on. The bank will still charge you a few percents even the rate falls to sub zero region ie. below 0%. As a matter of fact, based on today’s circumstances, what else can the government do? If they raise the interest […]
Toronto & Vancouver Housing Markets Are No Longer Sexy?
So it seems, Toronto, Vancouver Housing Markets Have ‘Topped Out’: Real Estate Association And, TD Bank sees a possible “soft landing.” – huffingtonpost.ca Sexy House? Image Source Is this the consequence of the announcement of of “imminent” tax on vacant homes …?