As a result of damning allegations such as this, How Foreign Investors Are Using Drug Cartel Tactics in the Canadian Real Estate Market VICE – Jul 25, 2016 Canada’s freakshow real estate market has been drawing a lot of international attention as of late. A few weeks back I talked to an infamous Wall Street short seller who is […]
Rental Housing Crunch, Shadow Flipping, Racism, Airbnb
Homelessness … sort of. Image Source Kelowna mayor feeling the heat from locals about rental housing crunch InfoTel News Ltd – Jul 13, 2016 KELOWNA – Mayor Colin Basran says he’s hearing plenty from residents affected by the rental housing crunch in Kelowna which is why he thought it necessary to release a “guest column” to […]
Camping Out For Shelter & Condo
Previously, Renters driven to tents, rental bidding wars, and more affordability issues. More affordability stories … Forced to camp for shelter Castanet.net – Jul 9, 2016 Kelowna has a notoriously low rental vacancy rate, as low as 0.5 per cent according to some, which makes it difficult for those looking to rent something affordable. Homeless camps in Abbotsford […]
Renters driven to tents, rental bidding wars, and more affordability issues
#DontHave1Million? Sorry to tell you the truth: You certainly shouldn’t think about buying anything “real” (estate). Yes, not even cookie-cutter condo. The reality is you should be looking at how to rent a decent roof over your head. That’s all. Lest you get kicked out and have to stay in tents for good (see below): – Image Source […]
Insane House Prices: From ‘overvaluation’ to ‘outlandish’ and ‘zany’
We all know the insanity … Image Source Canadian house prices: From ‘overvaluation’ to ‘outlandish’ and ‘zany’ The Globe and Mail (subscription) – Jun 21, 2016 One of the world’s big credit-rating agencies says it’s troubled by Canada’s inflatedhouse prices and extremely stretched borrowers. Canada’s ‘hands-off’ housing policy is right move in free market economy Financial Post […]