We all know the insanity … Image Source Canadian house prices: From ‘overvaluation’ to ‘outlandish’ and ‘zany’ The Globe and Mail (subscription) – Jun 21, 2016 One of the world’s big credit-rating agencies says it’s troubled by Canada’s inflatedhouse prices and extremely stretched borrowers. Canada’s ‘hands-off’ housing policy is right move in free market economy Financial Post […]
Home Affordability Worsens While Construction Soars
Home affordability worsens in Vancouver, Toronto: RBC Toronto Star – Jun 22, 2016 The increase in Vancouver and a smaller gain in Toronto helped drive the national average cost of home ownership higher. And the scary news … In a not so desirable Toronto neighbourhood, Detached west Toronto house sells for $105100 over asking price
Mortgage – What’s New?
How to score the best mortgage and wipe out that debt CBC.ca – Jul 1, 2016 Will you lie awake at night knowing yourmortgage rate could rise if suddenly theCanadian economy starts to improve and the Bank of Canada hikes lending rates? And that’s the key with scoring the right mortgage. Customers need to shop around for […]
BC To Regulate Real Estate, Ontario To Stay Put
The writing is the wall, folks are getting very impatient … Image Source Anger fuels call for action on red-hot housing market as hundreds …
Real Estate Rule & Regulations Roundup
Image Source Some 600 changes introduced in the 2015 editions of the National Building, Fire and Plumbing Codes Canada NewsWire (press release) – Jun 28, 2016 “I am very pleased to announce the launch of the 2015 editions of Codes Canada,” says Douglas Crawford, Chair of the Canadian Commission on Building and Fire Codes. “Their development is the result […]
Architecture Roundup
Image Source Safdie, Moriyama and Canada’s big architectural dreams Toronto Star – Jul 1, 2016 On Canada Day 1966, the country was awash in architectural exuberance. On islands of fill in the St. Lawrence River, 113 pavilions, including a gleaming geodesic dome some 76 metres in diameter and a giant inverted pyramid, were being readied for … A new […]