Deep-pockets from China seem to have gluttonous appetite for real estate in the Great White North … Chinese bought $1.3B of Canadian commercial real estate this year CBC.ca The Bentall Centre in Vancouver sold to China’s Anbang Group earlier this year, pushing Chinese investment in Canadian commercial real estate to a new high. Chinese investors top commercial-property […]
Home Prices Will Tumble Down Soon?
The real estate market is getting too hot, prices have reached insane level, our Liberal leaders wanted the house prices to drop … Image Source How Canada’s hot housing market is propping up GDP growth bnn.ca – Jun 30, 2016 The real estate and rental category measured as part of Canada’s GDP represents the output of real […]
New Tax For Empty Homes
First thing first, foreigners who stashed their money in Canadian real estate (never mind legality status of the fund ), and for those who never occupy the properties, they will soon have to pay a little more to maintain their “empty nests” … with the newly proposed Vacancy Tax a.k.a Empty Home Tax in Vancouver: – Empty home tax coming to Vancouver […]
Brexit Effects On Canadian Mortgage And Real Estate
Let’s examine what to expect as a result of Brexit … Could it be a “Real EstatExit” in the making for the Great White North? How the Brexit Affects Canadian Mortgage Rates Image Source
Mortgage Tightening, Loophole, and Housing Crash?
The headings below say it all. But fret not … No housing woes in Canada, mortgage lobby says, but many beg to differ Image Source
Toronto 2-Bedroom Condo Breaching $1 Million Soon
A while ago, if you #donthave1million, it simply means you will be “homeless” in Vancouver. Now, and very soon, you gotta be sleeping in the street if you remain #donthave1million in Toronto, the “World Within a City”. Good luck Torontonians … #donthave1million Two bedroom condos won’t go for under $1 million soon: Toronto broker Image Source