Because … U.S. Government Shutdown Driving Canadian Mortgage Rates Lower, For Now The Huffington Post Canada The U.S. government shutdown has had an interesting side effect for Canada: It has held out the promise of lower mortgage rates, and therefore a stronger housing market. Not that the housing market needs much help these days. Housing […]
Chinese flock to California to acquire real estate
US sites in favour with mainland Chinese investors, with west coast state the top choice Potential Chinese homebuyers look at a house in Los Altos Hills, California. Photo: MCT Mainland Chinese companies and individuals are ramping up purchases of property in California, accounting for an increasingly significant share of real estate deals in the Golden […]
Canadians investing in U.S. properties may not see profit for a very long time
Why ? Plenty of reasons. First, Americans do not believe in “Manhantanization”. Well, other than the real Manhattan where Fortune 500 and the world elites must have a presence there for whatever reason, most likely egoistic, or perhaps hangout of the world biggest tech lunatics such as the case of Silicon Valley, most cities in […]
US: Is housing affordability going down the drain?
Higher mortgage rates and home prices are weighing on homebuyers By Eric McWhinnie, Wall St. Cheat Sheet While the housing market has certainly made a strong rebound from the depths of the financial crisis, higher mortgage rates and home prices are weighing on homebuyers across the nation. Wall Street is not the only crowd noticing the […]
How Tighter Mortgage Standards Are Holding Back the Recovery
Poor US, Canada doesn’t seem to have such problem … Jim Flaherty is happy to tighten our mortgage rulings, and Stephen Poloz is okay to keep the younger generation out of housing market … Canada is simply better. Live with it. The housing recovery faces headwinds because it’s too hard to get a mortgage today, which in […]
US: No Housing Bubble, But Could Be In For Another Ugly Crash
Real estate isn’t forming another bubble, experts say, but it’s likely to play a hand in the next crash You haven’t yet recovered from the Great Recession and its devastating impact on home values, retirement funds and employment. Brace yourself: Another meltdown will happen.