Apparently as many as 2/3 Canadians have converted to a new religion known as “Bubbleology”. To the faithful Bubbleologists, Housing Bubble is the mighty Devil and his coming is imminent. Because certain unscrupulous profiteers have provoked the wrath of the Lord. However, Housing Bubble is no Armageddon, it’s not the end of the world yet. It’s just that there […]
The Canadian home price bubble has just bursted
We didn’t say that. This what Khaleej Times say. And this also echoed by Seeking Alpha. Some folks tend to believe the local media are inclined to parrot what the local business/government wanted you to hear. It’s for this reason, opinion by foreigne experts are somewhat influential because it is assumed experts from abroad may see what […]
Why Toronto real estate is more vulnerable than Vancouver
While real estate Vancouver is doing pretty well in June, Toronto on the other hand sinks deeper into the red: – Home sales in GTA plunge in June Greater Toronto Area home sales plunge 37.3% in June despite a jump in listings The average price of a home sold in the Greater Toronto Area was […]
Canadian real estate is doomed with Cover-Up, Censorship and Clampdown on Free Speech
We knew real state data is not available to the public – Data Ruling Appeal by TREB. We knew the government has no clue on the flow of dirty money – Tracking dirty money, show me the laundered money. We knew the City cover-ups as reported by The Star – Secret report reveals fire response problems (and many more […]
Canada Tops Indebtedness, Vancouver’s Costliest Listing, Cooling Measures Backfires, Bubble Coming Back
Real Estate Roundup Global News reported Canada is a celebrity when it come to debts, not only houldhold debts, but also commercial debts that is heavily skewed toward real estate. While the real estate is entering a tumultous era, Vancouver shows off her most expensive listing ever – $63 millions Belmont Estate, a 21,977 sf home […]
Why Warren Buffett’s investment DOESN’T mean Home Capital is Okay
Or for the matter, the reals estate industry as a whole. Canadian real estate players are always on the lookout for just about any excuse why you should continue to purchase properties. As witnessed today, just because Warren Buffett bought into Home Capital, everyone in the real estate business were quick to interpret that as a […]