While rich foreigners are coming to Canada to park their wealth (legit or otherwise) in real estate, rich Canadians are running away instead! Guess the law of the nature is working – “What comes around, goes around”? According to The Globe and Mail, high-net-worth Canadian investors are increasingly looking to real estate on foreign shores. […]
Vancouver: Foreign Buyers, Flawed Numbers, Racism, Unaffordability & Downturn
Hardly anyone believe only 5% of real estate buyers are foreigners Preliminary data collected by the B.C. government suggests only 5% of the recent buyers (last 20 days to be exact) are foreigners. Guess what, hardly anyone believe that is the case, many commented the 5% as flawed, misleading, obfuscatory, laughably incomplete and useless … downright […]
Foreigners Are Not The Root Cause For Canadian Housing Crisis?
Assuming “The Housing Crash Conspiracy Theory” is real, then foreign investors aren’t really the most significant factor. Because foreigners made up of just about 5% of the real estate purchases in Canada. That said, is 5% such a significant number (that can cause a severe housing crisis)? Want my money or not? Image Source Early data shows foreign nationals […]
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 […]