U.S. investment bank Goldman Sachs says there’s an almost one in three chance of Canada’s housing market going bust in the near future. “The end of Canada’s housing boom?”, so said The Economist. Utter Nonsense? Sounds like it because … Although concerns about Canada’s record level of household debt have intensified recently. And a recent […]
Toronto Real Estate Cooled – Real Fact or Fake News?
Judging from the last two transactions, it would appear the scorching hot real estate in Toronto has finally cooled down. Meaning the Liberal Government’s chances to be re-elected is extremely bright, because they have succeeded in taming the housing monster … So said the political pundits. Let’s take a quick look. First, a semi-detached located in one of […]
Toronto Real-Estate Meltdown In The Making?
Toronto Homeowners Are Suddenly in a Rush to Sell Toronto’s hot housing market has entered a new phase: jittery. Toronto Real Estate’s Time Has Come? First thing first, let’s have our real estate fix … Architecture Porn The Jockey Club Innovation Tower Jockey Club Innovation Tower is a building of the Hong Kong Polytechnic University […]
Canadian Real Estate Midlife Crisis
Looks like Canadian real estate is going through a midlife crisis? Perhaps much more severe and complicated than that mere midlife crisis per se. First, we see home price hotter than hot still … Average Canadian house worth $559317 last month, up 10% in past year – Canadian house prices continue to march higher, with the […]
The Real Estate Dilemma: Foreign Speculations, Backlash, and Alternatives
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 […]
Home prices may drop as much as 50%
Government of Canada is determined to pop the bubble for those suffering from “Forever Appreciating Property Syndrome (FAPS)”. They have announced various measures will be taken in an attempt to stop the insane real estate price increases (to the tune of up 36% in one year for Vancouver), particularly residential dwellings. They have indicated pretty […]