Foreign buyers are trying to move their money to a safer spot for capital preservation. They are looking for hard assets and the condo sector has a track record of increasing prices The bad news for China’s real estate market could be good news for Canada’s condominium market. A crackdown on real estate ownership in […]
China housing bubble, gold and more…
If you thought Canada has a housing bubble, this 60 Minutes story on China’s real estate bubble, where entire city blocks, malls and even cities are virtually empty, will make us look like small potatoes. One particularly scary statistic: a typical apartment building in Shangai costs 45 times an average resident’s annual salary. If you […]
Canadians join global real estate speculators
Canadians and Russians Penetrate U.S. Housing Market Ever since the U.S. housing bubble burst, it’s no surprise that foreign buyers have flooded the U.S. housing market. Both the Canadians and the Russians are leading the pack, but in different ways. “Canadians tend to be very value oriented,” says Jed Smith, managing director, quantitative research for […]