We didn’t say that. This what Khaleej Times say. And this also echoed by Seeking Alpha. Some folks tend to believe the local media are inclined to parrot what the local business/government wanted you to hear. It’s for this reason, opinion by foreigne experts are somewhat influential because it is assumed experts from abroad may see what […]
Why Toronto real estate is more vulnerable than Vancouver
While real estate Vancouver is doing pretty well in June, Toronto on the other hand sinks deeper into the red: – Home sales in GTA plunge in June Greater Toronto Area home sales plunge 37.3% in June despite a jump in listings The average price of a home sold in the Greater Toronto Area was […]
Down: Home Affordability, Up: Interest Rate & Toronto Population, Solution: Laneway Housing?
Already nearly half of the folk surveyed feel they can’t afford a home, Upper, middle and low-income Canadians worried about housing prices: poll A new poll found about half of respondents who consider themselves poor or working class believe that the cost of local housing is beyond their means. The rate was 38 per cent […]
What sold in the past one week suggests home prices are still on the rise in Toronto
Doom, sorry, not yet. Boom, still going on. SOLD 31 Garden Avenue – RONCESVALLES Listing Price: $1,299,000 Selling Price: $1,550,000 3 bedroom, 3 bathroom detached house with a 2 car garage at 31 Garden Avenue in Roncesvalles. It was listed at $1,299,000 to invite bidding war. It worked. It sold 5 days later for $1,550,000. SOLD […]
Vancouver real estate is happening again
Vancouver real estate market heating up again as sales and prices recover from buyers tax Realtors in Canada’s most expensive city for housing report that market activity returned to near record levels in May, a mere nine months after the province introduced a 15 per cent tax on foreign buyers… Financial Post Condo flipping on […]
Canada Tops Indebtedness, Vancouver’s Costliest Listing, Cooling Measures Backfires, Bubble Coming Back
Real Estate Roundup Global News reported Canada is a celebrity when it come to debts, not only houldhold debts, but also commercial debts that is heavily skewed toward real estate. While the real estate is entering a tumultous era, Vancouver shows off her most expensive listing ever – $63 millions Belmont Estate, a 21,977 sf home […]