Another analyst has come out with a “short Canada” message for investors. Ben Rabidoux, Hanson Advisor analyst, says that while Canada’s housing market surged in the wake of the financial crisis – when real estate markets in other developed economies, particularly the U.S., suffered double digit sales and price declines – that strength is not […]
Every home in Canada is lined with Gold
No kidding. These days, there is no way you can get anything with a real roof for less than $100K grands, not even under the rock ! I am serious … Even rotten shacks in New Brunswick will burn you an average of $157,124. Honestly, a $200K – $300K home can never be classified as “cheap” […]
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. Canada became the first country to reach a deal with China to share forfeited assets in an effort to target international organized crime, according to […]
Real estate agents leave in droves
One of the “tricks” used by apologists of real estate bubble is – “Don’t compared Canada to US, compared us to Australia. We are more like Australia.” Here is a piece of Aussie news the apologists wouldn’t mention to you, I guess. Real estate agents leave in droves as boom times end in Perth property […]
Home Prices Have Gone Down ?
Lil Bird sends me this update … C2637560 – M2J – 95 PAINSWICK CRES Toronto, Ontario – $587,000 Price Change. Jul 4: $587,000 May 15: $598,000 Great Family Home Fully Renovated Prime Location With Potential For Income Rental. This All-Brick Home Has Combined Large Lr/Dr. Large Eat-In … C2637560 GoogleMap C2647832 – M6J – 36B SHANK […]
Toronto Real Estate: Imminent Demise Or Forever Booming ?
They say … Rising interest rates may send Toronto home prices tumbling By Torstar News Service A sustained rise in interest rates of just one per cent could cause Toronto area home sales to tumble by 15.3 per cent and prices to decline by 5.8 per cent by 2015, predicts a veteran housing analyst. Even […]