There is no Housing Bubble, you hear that loud and clear? Image Source CMHC sees no 1980s style housing bubble in Toronto high-rise condo market Financial Post – Jul 19, 2016 Canada Mortgage and Housing Corp. sees very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the marketcrashed. […]
Rental Housing Crunch, Shadow Flipping, Racism, Airbnb
Homelessness … sort of. Image Source Kelowna mayor feeling the heat from locals about rental housing crunch InfoTel News Ltd – Jul 13, 2016 KELOWNA – Mayor Colin Basran says he’s hearing plenty from residents affected by the rental housing crunch in Kelowna which is why he thought it necessary to release a “guest column” to […]
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 […]
Renters driven to tents, rental bidding wars, and more affordability issues
#DontHave1Million? Sorry to tell you the truth: You certainly shouldn’t think about buying anything “real” (estate). Yes, not even cookie-cutter condo. The reality is you should be looking at how to rent a decent roof over your head. That’s all. Lest you get kicked out and have to stay in tents for good (see below): – Image Source […]
Toronto Rental Market Collapsing ?
Weakening rental picture latest condo market worry There are signs that rents in Toronto’s condo market are on the verge of decreasing, at a time when new landlords are already dealing with low returns, a new report says. The idea that the condo rental market might be tipping in favour of renters runs counter to […]
Rent Gouging Is Hapenning In Canada ?
Condo rents hit new high amid ‘seemingly insatiable’ demand A record 6,541 GTA condos were rented via the MLS system in the third quarter of 2013, up an unprecedented 39 per cent from the same time last year. By the end of this year, about 20,000 condo units, most of them in the City of […]