That means average family can now look forward to sleeping in the street … Thanks to Stephen Harper. Now you got a very good reason not to vote for Conservatives. By Susan Pigg Business Reporter Even this junk will sell for half a million in Toronto … Not Kidding. Again, thanks Stephen Harper. Home sales may be tanking […]
Even Canadian government is speculating on real estate ?
You betcha … Toronto Community Housing REIT coming soon? JACQUELINE NELSON The Globe and Mail Amid the offerings in the hot Real Estate Investment Trust market, income-craving investors may soon see an unusual new option: A portfolio of social housing buildings in downtown Toronto. That’s one of the ideas thought up by Toronto Community Housing […]
Housing Starts In Canada Expected To Decline In 2013
By The National Bank of Canada Summary• At the national level, the resale housing market appears balanced on the whole. The ratio of listings to sales stood at 6.1 months this past July and has shown little variation in almost two years.• However, this stability at the national level masks a recent softening of the market […]
Canada’s outlook is a bit bleaker in part because consumers are trying to pare down their debt loads
The following excerpt from the CBC website today is the same news we have been hearing for nearly four years now: “Canada’s outlook is a bit bleaker in part because consumers are trying to pare down their debt loads,” TD said Tuesday. (Canadian Press) The Canadian economy is stuck in neutral, dragged down by debt-laden […]
Why a U.S.-Style housing nightmare could hit Canada
HOW CANADA RESEMBLES A SLOW-MOTION REPLAY OF THE AMERICAN CRASH “I worry,” he told me, “that what is happening in Canada is kind of a slow-motion version of what happened in the U.S.” Robert Shiller, of Yale University Senior Washington Correspondent By Neil Macdonald, CBC News An expatriate always thinks about going home. The longer the […]
Canadian housing bubble set to burst
You’ve probably heard of the Economist. That magazine is the latest voice of doom when it comes to our housing market: The magazine’s dire prediction comes as Canada’s mortgage brokers’ association is warning that the recent slowdown in home sales will continue and lead to large-scale job losses – though some parts of the country will continue […]