The Chinese have been #1 investors for Canadian real estate … Nothing new. Instead of slowing down after the infamous Vancouver Foreign Buyer Tax, they come in greater number as if apocalypse is going to land in the Middle Kingdom soon. The momentum continues, home prices keep going north, millenials remain in the same doldrum as […]
Nouveau Silk Road: From Middle Kingdom to The Great White North
Jonathan Manthorpe believes there is a direct line linking the explosive real estate bubbles in Toronto and Vancouver and how secure Chinese President Xi Jinping looks on his throne. How China’s Politics Messing Up Canadian Real Estate Markets The evidence — the vast amount of money being spirited out of China by relatives, friends and cronies of […]
New Taxes On Foreign Buyers Will Not Affect Vancouver Real Estate Sales In The Long Run
After predicting (actually complaining about) Vancouver will be a ghost town soon, and that Vancouver will belly up because no foreigner will come simply because there is 15% tax on foreign home ownership. Image Source Pundits have it there will be a spillover effect into other Canadian markets as a result of the new 15% tax on […]
The Real Estate Dilemma: Foreign Speculations, Backlash, and Alternatives
The Canadian Mortgage and Housing Corporation’s (CMHC) latest report warns of “problematic conditions” in the country’s largest housing markets. “In Toronto and Vancouver, this is due to the combination of price acceleration and overvaluation.” In an attempt to cool the most controversial housing markets – Vancouver, whereby average home prices has shot up more than 36% in just […]
Americans are coming to gobble up Canadian real estate soon
In the event Hilary Clinton looses the presidential race, Donald Trump-hating Yanks will be relocating to Canada in drove … ‘Moving to Canada?’ US real estate agent tells Trump, Clinton haters not to worry — he’ll sell their house Image Source
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. […]