No kidding. These days, there is no way you can get anything with a real roof for less than $100K grands, not even under the rock ! I am serious … Even rotten shacks in New Brunswick will burn you an average of $157,124. Honestly, a $200K – $300K home can never be classified as “cheap” […]
Home Prices Have Gone Down ?
Lil Bird sends me this update … C2637560 – M2J – 95 PAINSWICK CRES Toronto, Ontario – $587,000 Price Change. Jul 4: $587,000 May 15: $598,000 Great Family Home Fully Renovated Prime Location With Potential For Income Rental. This All-Brick Home Has Combined Large Lr/Dr. Large Eat-In … C2637560 GoogleMap C2647832 – M6J – 36B SHANK […]
Canadian mortgage rates are heading higher and higher
Really ? Interest rate never go up, but banks want to charge more and more … while facing no risk whatsoever ? For the record, mortgage risk is underwritten by CMHC ie. your money … and it’s approaching $Trillion now. So, what’s the rationale here ? Canadian mortgage rates on the rise A number of […]
Canada real estate neither overvalued nor having bubble
Canadian Housing Overvalued? Maybe Not By David George-Cosh If you’re following the headlines on Canada’s housing market—and who isn’t—you likely noticed the Organization for Economic Cooperation and Development described Canada’s housing market as overvalued and at risk of suffering a correction. Not so fast, says Mario Lefebvre, director of the Centre for Municipal Studies at […]
Why homes cost so much more in Canada (compared to U.S.) ?
No idea if the article below is supposed to be justifications for homes to cost so many times more in Canada as compared to U.S. ? On the surface, I find the reasoning somewhat lame … For example, the author argues, 1. There’s the exchange rate difference — now and when construction was initially carried out. […]
Canada real estate rendezvous is back – Expect price rally, bidding war & purchase frenzy
Canada’s impending housing collapse not in sight Canadian Real Estate Rallies Canadian Realtors’ Group Gives More Upbeat Housing-Market Forecast Canadian real estate industry says 2013 sales off to better start than expected The Canadian Real Estate Association said Monday it still expects fewer sales this year than in 2012 but says the decline will be smaller […]