Is Calgary the next property hot spot for foreign buyers? Apparently the answer is out… Confirmed : Nope. Foreign Investors are Still not Rushing to Montreal and Calgary Actually, Foreign investors ignoring Calgary, Montreal real estate markets Calgary has a glut of unsold condos, so earlier this year, with a tax on foreign buyers in […]
CMHC sees no housing bubble whatsoever
There is no Housing Bubble, you hear that loud and clear? Image Source CMHC sees no 1980s style housing bubble in Toronto high-rise condo market Financial Post – Jul 19, 2016 Canada Mortgage and Housing Corp. sees very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the marketcrashed. […]
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Canada’s principal economy is now real estate
Textbooks all over the world will have to be revised soon, that Canada’s economy is no longer natural resources. Our principal business is now real estate, particularly residential dwellings. While our speciality is neither an exportable commodity nor services, it is nonetheless a very high-tech thingy – a kind of super-duper technology simply known as “house-flipping” in […]
Brexit will add fuel to the insanely hot Canadian real estate market
Here come the positive news likely to add fuel to our grossly overheated real estate market, Image Source Brexit vote could heat up Canadian real estate market
New Tax For Empty Homes
First thing first, foreigners who stashed their money in Canadian real estate (never mind legality status of the fund ), and for those who never occupy the properties, they will soon have to pay a little more to maintain their “empty nests” … with the newly proposed Vacancy Tax a.k.a Empty Home Tax in Vancouver: – Empty home tax coming to Vancouver […]
Toronto 2nd most expensive city in Canada & 10th in North America
Vancouver tops the list of most expensive Canadian cities to live in, surpassing Toronto for the second year in a row, according to an annual cost of living survey. Toronto is the 2nd most expensive city in Canada & 10th in North America for cost of living Toronto way of life 600 square feet for […]