While house prices are soaring, so is unemployment. What can we make up of such a scenario? Can we assume real estate market has nothing to do with economy in reality? Else, how do you explain house prices still going up when more and more people are getting unemployed? On the rise in Hamilton: housing prices & […]
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 […]
Home Sale Prices & Construction Business Exploded
No exaggeration. The yada, yada, yada are backed by solid facts: – Image Source Toronto-area home sale price jumps 16.8% in June CBC.ca – Jul 5, 2016 House prices in Toronto continue to surge as would-be buyers struggle with a lack of supply in a red-hot real estate market, according to a report released today by the […]
Vancouver – The Darling of Canada Real Estate
Vancouver, Vancouver, Vancouver. I always wonder why do foreign investors, particularly those from China are so obsessed with this city … Fengshui? Image Source Foreign investment has impact on Vancouver housing market, say researchers
Soaring House Prices – Blame The Foreigners
Deep-pockets from China seem to have gluttonous appetite for real estate in the Great White North … Chinese bought $1.3B of Canadian commercial real estate this year CBC.ca The Bentall Centre in Vancouver sold to China’s Anbang Group earlier this year, pushing Chinese investment in Canadian commercial real estate to a new high. Chinese investors top commercial-property […]
BC To Regulate Real Estate, Ontario To Stay Put
The writing is the wall, folks are getting very impatient … Image Source Anger fuels call for action on red-hot housing market as hundreds …