CREA Updates Resale Housing Forecast The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2014 and 2015. Extraordinarily bleak winter weather made for a slow start to 2014 national sales activity. As the first quarter ended, […]
Canada Real Estate: The Voodoo of “Booming” and “Fraying”
The Globe and Mail says, Canadian home prices hit record in May I’ve heard of “deadly” real-estate markets, but #Toronto always seems to take things to a whole new level … Canadian home prices got a boost in May, hitting a record high, according to the Teranet National Bank house price index. Prices were up 0.8 […]
IMF is shouting “The sky is falling” again
IMF warns on house prices in Canada and elsewhere International Monetary Fund says prices keep climbing to concerning levels “The era of ‘benign neglect’ of house price booms is over.” Min Zhu, IMF deputy director IMF: Home Prices Look Overvalued in Canada, Norway, Australia House prices, Zhu said, are “well above the historical averages for […]
How will real estate market reacts to CMHC slowdown ?
Can CMHC actually slowdowns the real estate market by pedalling the brake a little harder ? Image Source I don’t see how will stopping insuring the developer have any impact … Well, Canada’s developers are all billionaires, aren’t they ? I predict they will swim .. they have the money and they have the connections. […]
Owning a house in Hongcouver will eat up 82.4% – 86.5% of your income
Someone coined the word “Hongcouver”, I supposed it cannot be considered as a nagative term, since it is merely suggesting Vancouver has been “Hongkong-ised” as far as real estate prices are concerned. Maybe not a bad thing. Vancouver and Toronto must be the only place in North America where every detached home owner is a […]
Toronto’s bull market in real estate looks set for an extended run
A rundown old house with a hodge podge of apartments in Roncesvalles Village drew crowds last week when it was listed with an asking price of $769,000. The property at 52 Harvard Ave. drew five competing bids and sold for $913,000. The owner purchased the house in 1988 for $135,000, he says. “It’s gone from pandemonium […]