Toronto real estate supplies shortage is happening to very single category: – House, Condo, Office, Store, Workshop, Warehouse, Manufacturing Plant, even Camping Ground, you name it, they will tell you there is shortage. That’s why when people tell me they are looking at camping out in a tent or staying in a trailer/boat, my answer is […]
CMHC sees no housing bubble whatsoever
There is no Housing Bubble, you hear that loud and clear? Image Source CMHC sees no 1980s style housing bubble in Toronto high-rise condo market Financial Post – Jul 19, 2016 Canada Mortgage and Housing Corp. sees very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the marketcrashed. […]
Rental Housing Crunch, Shadow Flipping, Racism, Airbnb
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 […]
Vancouver: Foreign Buyers, Flawed Numbers, Racism, Unaffordability & Downturn
Hardly anyone believe only 5% of real estate buyers are foreigners Preliminary data collected by the B.C. government suggests only 5% of the recent buyers (last 20 days to be exact) are foreigners. Guess what, hardly anyone believe that is the case, many commented the 5% as flawed, misleading, obfuscatory, laughably incomplete and useless … downright […]
Camping Out For Shelter & Condo
Previously, Renters driven to tents, rental bidding wars, and more affordability issues. More affordability stories … Forced to camp for shelter Castanet.net – Jul 9, 2016 Kelowna has a notoriously low rental vacancy rate, as low as 0.5 per cent according to some, which makes it difficult for those looking to rent something affordable. Homeless camps in Abbotsford […]
Real Estate Slowdown Already Started In Vancouver?
“London Bridge Is Falling Down”, sorry, it should be “Lions Gate Bridge Is Falling Down” because, The Lions Gate Bridge at dusk – Stanley Park to the left and North Vancouver to the right. Image Source Experts, investors see warning signs of real estate slowdown in Vancouver The Province – Jul 7, 2016 Still, there were already suggestions this spring […]