Real Estate Roundup Global News reported Canada is a celebrity when it come to debts, not only houldhold debts, but also commercial debts that is heavily skewed toward real estate. While the real estate is entering a tumultous era, Vancouver shows off her most expensive listing ever – $63 millions Belmont Estate, a 21,977 sf home […]
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 agents leave in droves
One of the “tricks” used by apologists of real estate bubble is – “Don’t compared Canada to US, compared us to Australia. We are more like Australia.” Here is a piece of Aussie news the apologists wouldn’t mention to you, I guess. Real estate agents leave in droves as boom times end in Perth property […]
Chinese snapping up real estate in US, Canada, Australia, and UK
By Ren Yi, Epoch Times The proportion of Chinese buyers in Vancouver, Canada, rose from 29 percent in 2011 to more than 40 percent in 2012. The number of Chinese purchasing property in Western countries and transferring their money out of China, both legally and illegally, has been significantly increasing since 2011. An analyst in […]
No Canadian Housing Crisis Because Aussies Say So ?
For clues to Canada’s housing future, look to Australia LINDA NAZARETH Special to The Globe and Mail Let’s put aside, just for a minute, the idea that there is a housing bubble in Canada. It there is a housing bubble, then we know it will burst at some point, and that the fallout will be […]