Looks like Canadian real estate is going through a midlife crisis? Perhaps much more severe and complicated than that mere midlife crisis per se. First, we see home price hotter than hot still … Average Canadian house worth $559317 last month, up 10% in past year – Canadian house prices continue to march higher, with the […]
Real Estate Slowdown Already Started In Vancouver?
“London Bridge Is Falling Down”, sorry, it should be “Lions Gate Bridge Is Falling Down” because, The Lions Gate Bridge at dusk – Stanley Park to the left and North Vancouver to the right. Image Source Experts, investors see warning signs of real estate slowdown in Vancouver The Province – Jul 7, 2016 Still, there were already suggestions this spring […]
How will real estate market reacts to CMHC slowdown ?
Can CMHC actually slowdowns the real estate market by pedalling the brake a little harder ? Image Source I don’t see how will stopping insuring the developer have any impact … Well, Canada’s developers are all billionaires, aren’t they ? I predict they will swim .. they have the money and they have the connections. […]
Canada Real Estate Market Slowdown … What Slowdown?
Slowdown? Yeah, right. Housing starts spring forward in May as economists hope for a slowdown Home construction in Canada staged a surprising spring resurgence in May, particularly in the seemingly overbuilt condominium market, defying expectations of a slowdown and even deep correction. Nearly half of Canadian homeowners eager to buy property Undeterred by record-high housing […]
As housing market slows, industry scrambles to paint positive picture
Garry Marr financialpost.com Organized real estate is unable, it seems, to admit the glory days may be behind it. Sales plummet in major markets and the industry comes up with a new explanation for the decline, draping its comments with a sense that everything is just fine. The excuses are piling up. This month’s gem […]
Canada plans no new steps to cool housing market
Edwin Chan ca.reuters.com Finance Minister: Image Source Canada does not expect to have to tighten mortgage rules further as the real estate market has softened in the wake of government measures to cool it down, Finance Minister Jim Flaherty said in an interview on Wednesday. Home prices hit a third straight record high in June, […]