So said Motley Fool, which is not a fool, not even remotely close … It is an intelligent investment portal in disguise: – Canadian Real Estate Is Getting Irrational The Motley Fool Canada – Jul 14, 2016 The Economist recently reported that Canada’s housing prices are 35% overvalued when compared to Canadian incomes. Canadian real estate prices to […]
Interest Rate Remains But What About Inflation ?
The Boss decided interest rate will stay a.k.a. Money Is Almost Free. Yeah, right … Free. Dream on. The bank will still charge you a few percents even the rate falls to sub zero region ie. below 0%. As a matter of fact, based on today’s circumstances, what else can the government do? If they raise the interest […]
Housing starts rising in June, 2016
Construction is mushrooming … Image Source What housing crisis? Developers seem to think otherwise … Figures don’t lie. Good times are still here. Canadas housing starts rises in June high demand to boost new home building in near-term
Government’s numbers on foreign real estate buyers are nonsense
Government’s foreign buyer numbers way off according to Asian real estate conference Asia Real Estate Association of America, Vancouver chapter representatives say the government’s data sample is too low to be accurate. Agents, experts say Chinese buyers account for much more than 3% of B.C. homebuyers China Cash Power A provincial government statement that only […]
Vancouver Empowered To Tax Empty Homes
Attention: Investors who parked their money in Vancouver real estate You gotta pay more taxes very soon, if you leave a building vacant like this one, (because Mr. de Jong will empower the city to dig the hell out of your pocket): – Image Source Vancouver: “I Got The Power” Provincial B.C. government to change Vancouver charter […]
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 […]