Star investigation: Homebuyers not getting full picture from protector Tarion thestar.com by Kenyon Wallace The corporation created by the province to protect buyers of new homes is keeping secret records of poor or incomplete work by builders, a Star investigation has found. Tarion Warranty Corp. has recovered nearly $30 million from developers in the past five […]
Chinese buyers flood U.S. housing market (with illicit money ?)
Earlier, we learn … 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. More HERE Apparently a lot more is being channeled into the United […]
The Truth About The Canadian Housing Market
The market continues to live in a state of euphoria and confusion. The U.S. government just told us the U.S. economy added a stronger-than-expected 195,000 jobs last month. Once again, the market rises with promising job numbers. But because that signals QE tapering, the market was sent lower. Finally, after the sell-off, the market ended […]
Canucks in Florida, go home
U.S. families may have a few choice words for Canadians hoping to buy a property down south. That’s because many Americans feel they’re being shut out of the recovering housing market—forced to wait, watch and rent the homes they’d like to purchase, as Canadians, Chinese and institutional investors, among others, outbid them and snap up […]
Hong Kong realtors protest over steps to curb rising prices
Soon you will see similar protest in Toronto whereby further tax hikes have been proposed … THOUSANDS of real estate agents took to Hong Kong’s streets yesterday to protest government efforts to curb soaring property prices, saying new transaction taxes and other measures are threatening business. “There are 37,000 agents in Hong Kong and there […]
Real Estate Bubble Pops – Calgary Is The First Casualty ?
Just when we heard Sotheby: “Demand For High Priced Shacks Is Unbelievable” While we have no idea if Sotheby knows what are they talking about ? We just heard from the horse’s mouth that Calgary is screwed … Game Over ? Calgary region building permits drop sharply in May Down 42.1% from previous month BY MARIO TONEGUZZI, […]