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 […]
The Great Canadian Real Estate Continues To Fly Sky High
House prices are coming down like “London Bridge is falling down”? Dream on … Housing Bubble or not, all indications suggest no one believes Chicken Little: “The sky is falling!” … Canadian Real Estate Could Still Get Way More Expensive Huffington Post Canada – Jul 16, 2016 Global comparison puts Canadian home affordability in perspective. Image […]
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 […]
Brexit, Blame Games & Bubble Prevention
Pundits believe Brexit is a boon to our real estate market … Brexit and foreign money drive Canadian commercial property to all-time high Financial Post – Jul 5, 2016 Canadian commercial property has never been worth this much, according to a new report that says Brexit and foreign investment are driving the market. CBRE Canada, a […]
New Tax For Empty Homes
First thing first, foreigners who stashed their money in Canadian real estate (never mind legality status of the fund ), and for those who never occupy the properties, they will soon have to pay a little more to maintain their “empty nests” … with the newly proposed Vacancy Tax a.k.a Empty Home Tax in Vancouver: – Empty home tax coming to Vancouver […]
Brexit Effects On Canadian Mortgage And Real Estate
Let’s examine what to expect as a result of Brexit … Could it be a “Real EstatExit” in the making for the Great White North? How the Brexit Affects Canadian Mortgage Rates Image Source