While folk are debating solutions for our problems, blaming foreign money and our immigration programs as the main culprits such as this article – Toronto, don’t let Vancouver’s housing crisis become yours. Whereby Josh Gordon, an assistant professor at the Simon Fraser University School of Public Policy writes about (and invited a lot of heated arguments): – Concern about foreign […]
Nouveau Silk Road: From Middle Kingdom to The Great White North
Jonathan Manthorpe believes there is a direct line linking the explosive real estate bubbles in Toronto and Vancouver and how secure Chinese President Xi Jinping looks on his throne. How China’s Politics Messing Up Canadian Real Estate Markets The evidence — the vast amount of money being spirited out of China by relatives, friends and cronies of […]
Housing starts rising in June, 2016
Construction is mushrooming … Image Source What housing crisis? Developers seem to think otherwise … Figures don’t lie. Good times are still here. Canadas housing starts rises in June high demand to boost new home building in near-term
Camping Out For Shelter & Condo
Previously, Renters driven to tents, rental bidding wars, and more affordability issues. More affordability stories … Forced to camp for shelter Castanet.net – Jul 9, 2016 Kelowna has a notoriously low rental vacancy rate, as low as 0.5 per cent according to some, which makes it difficult for those looking to rent something affordable. Homeless camps in Abbotsford […]
Home Affordability Worsens While Construction Soars
Home affordability worsens in Vancouver, Toronto: RBC Toronto Star – Jun 22, 2016 The increase in Vancouver and a smaller gain in Toronto helped drive the national average cost of home ownership higher. And the scary news … In a not so desirable Toronto neighbourhood, Detached west Toronto house sells for $105100 over asking price