Okay, we’re not talking about multi-millionaires, billionaires, or I am sure there are a few trillionaires as well. I am referring to those who have just about one million bucks to spare for a residential property. What do you imagine their nest is going to look like ? Like this classic Chateau mansion ? Or […]
CMHC Housing Starts June 2013 For Canada, Toronto & Vancouver
June 2013 Housing Starts in Canada OTTAWA, July 9, 2013 — Housing starts in Canada were trending at 184,514 units in June compared to 184,087 in May, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “As expected, the trend […]
Building Permits Numbers Rise Again, But Latest Listings Suggest Home Prices Are Heading South
Canada Building Permits Numbers Rise Again, but Interpret With Caution … Many new listings actually have PRICE REDUCED (see hereafter) By Don Curren Canada’s homebuilders headed to the building permits office in unexpectedly large numbers in May, boosting the number of residential permits obtained by 7.6% from a year ago–and adding another data point […]
Chinese buyers flood U.S. housing market (with illicit money ?)
Earlier, we learn … Illicit Chinese Cash Stops Flowing Into Canada Real Estate Canada Loses Luster as Destination for Illicit Chinese Cash Chinese fugitives who touched down in Vancouver or Toronto with suitcases of illicit cash might find it harder to keep their fortunes. More HERE Apparently a lot more is being channeled into the United […]
The Truth About The Canadian Housing Market
The market continues to live in a state of euphoria and confusion. The U.S. government just told us the U.S. economy added a stronger-than-expected 195,000 jobs last month. Once again, the market rises with promising job numbers. But because that signals QE tapering, the market was sent lower. Finally, after the sell-off, the market ended […]
Canucks in Florida, go home
U.S. families may have a few choice words for Canadians hoping to buy a property down south. That’s because many Americans feel they’re being shut out of the recovering housing market—forced to wait, watch and rent the homes they’d like to purchase, as Canadians, Chinese and institutional investors, among others, outbid them and snap up […]