CBC asks if the housing bubble will pop as a result of tightened capital controls? Will China’s tightened capital controls pop the housing bubble? China imposes further restrictions to control capital flowing out of the country This month, the limit on foreign currency transactions in China was lowered to $9,000 to increase scrutiny on investment money flowing out […]
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 […]
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 […]
Canadian Homes Prices are 4th Priciest whereas Income ranked 11th in the world
When it comes to home prices vs. income, Canadians are like couples with mismatched libidos … Okay, bad analogy here. The truth is we got a real serious Mismatch: Income and Expense Volatility Are Undermining Households HARD FACTS Canadian homes prices are the 4th priciest in the world. Whereas Canadian income (GNI) ranked 11th in […]
Housing Bubble – Big Freeze, Big Rip or Big Crunch?
Architecture Of The Day Ribbon Chapel. Onomichi, Japan Predicting the Housing Bubble is in a way very similar to predicting how our Universe will end. According to theoretical physicists the Universe could end between 2.8 billion and 22 billion years from now, but they can’t agree on its ultimate fate … How will the Universe end: Big Freeze, […]
Liberals managed to slay the nasty housing Fire Dragon
At the rate things are going, expect Liberals to reign supreme for another term. Why? Because Liberals slayed the nasty Fire Breathing Housing Dragon. For real? It’s not a fake news, except we have no idea if the dragon is dead or merely injured? Regardless, even the fire dragon has been administered with only temporary […]