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 […]
Scam Alert ! Cuban Minister Scam Targeting U.S. Canada Realtors
Cuba Minister Used in Internet Real Estate Fraud Jose Luis Rodriguez Garcia: “I am not the scamster” Havana, Cuba – Cuban, American and Canadian authorities were warning victims of a new Internet Real Estate scam that is being targeted to Canadian & U.S. Real Estate agents using the fake yahoo email of a Mr. Jose […]
New mortgage rules deny 1st-time homebuyers a roof over their heads ?
New mortgage rules pushing 1st-time homebuyers to wait CBC News Some first-time buyers are waiting longer to get into the market, especially in British Columbia. A year after Finance Minister Jim Flaherty tightened mortgage rules to not allow insured mortgages with amortization terms of more than 25 years, many prospective buyers say they are waiting […]
Halt Borrowing, Defend Against Crisis & Basement Flooding Survival 101
What’s happening this morning ? Central bankers around the world are searching for ways to halt borrowing binges before they morph into bubbles, and to push lenders to shore up their defenses before the next crisis arrives. Wiseman says: “When there is massive borrowing, there will be bubble. There is no defense against such crisis per […]
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 […]