While rich foreigners are coming to Canada to park their wealth (legit or otherwise) in real estate, rich Canadians are running away instead! Guess the law of the nature is working – “What comes around, goes around”? According to The Globe and Mail, high-net-worth Canadian investors are increasingly looking to real estate on foreign shores. […]
I have always expected this will be the direction Canada is heading – The government will keep interest low and keep printing money. Image Source Is there a problem here?
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 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 […]
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 […]
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