Credit When it comes to fire prevention, media in Canada basically take comments by local experts at face value ie. because we have Building Code in place, catastophe similar to Grenfell Tower a.k.a the London Inferno has no chance to take place. TRUE or FALSE? First, let’s take a look at what the media say, London’s fire […]
Struggling Trump Tower Toronto to dump the Trump brand amid legal battle
Exposé: Donald Trump Spent A Lavish Christmas Costume Party “Villains and Heroes” At The Owl’s Nest. The struggling hotel condo has found a new owner, and a new brand is coming. While U.S. President Donald Trump never owned the building, his Trump Organization licensed his name to and operated the property, which has struggled financially […]
Canadian Homes Prices are 4th Priciest whereas Income ranked 11th in the world
When it comes to home prices vs. income, Canadians are like couples with mismatched libidos … Okay, bad analogy here. The truth is we got a real serious Mismatch: Income and Expense Volatility Are Undermining Households HARD FACTS Canadian homes prices are the 4th priciest in the world. Whereas Canadian income (GNI) ranked 11th in […]
Wealthy Foreigners Coming In, Rich Canadians Going Out
While rich foreigners are coming to Canada to park their wealth (legit or otherwise) in real estate, rich Canadians are running away instead! Guess the law of the nature is working – “What comes around, goes around”? According to The Globe and Mail, high-net-worth Canadian investors are increasingly looking to real estate on foreign shores. […]
Government’s numbers on foreign real estate buyers are nonsense
Government’s foreign buyer numbers way off according to Asian real estate conference Asia Real Estate Association of America, Vancouver chapter representatives say the government’s data sample is too low to be accurate. Agents, experts say Chinese buyers account for much more than 3% of B.C. homebuyers China Cash Power A provincial government statement that only […]
Real Estate: China Popping & Global Overview
China’s Fractures Widen: Real Estate Bailouts Begin In Six Cities by Simon Black of Sovereign Man blog, According to the Chinese financial publication Securities Daily, emergency real estate rescue packages have been launched in large cities such as Wuxi, Nanning, Hangzhou, Tianjin, Tongling and Zhengzhou in the last month alone. “Zhengzhou created a mortgage guarantee policy […]