House prices are coming down like “London Bridge is falling down”?
Dream on …
Housing Bubble or not, all indications suggest no one believes Chicken Little: “The sky is falling!” …
Huffington Post CanadaĀ –
Global comparison puts Canadian home affordability in perspective.
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Canadian Real Estate Association says home sales slipped last monthĀ
Is China one of the key factors why theĀ real estate “gravy train” keepsĀ zooming to the Neverland?
HiBusiness (blog) – Jul, 18, 2016
However, proof of such demand is hardly more evident elsewhere than in the amount of foreign real estate investment coming intoCanada from countries such as India, the United Kingdom and in particular, China. This Asian country is no stranger when itĀ …
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Meanwhile, more municipalities are asking for power to go afterĀ empty nests …
CBC.ca – Jul 18, 2016
Vancouver says it will only apply the tax to homes left vacant for an entire year. City staff in Victoria have been asked to start collecting data on how many properties are vacant and Loveday says Victoria doesn’t know yet if it needs an empty home …
Good thing is Ottawa wants you to know the Liberal government is very “humane”,Ā that MPACĀ assessments rise just very marginally ie. so is your property tax.Anyway, what is the ongoing inflation rate like? 9%?
CBC.ca – Jul 18, 2016
The new assessed values for 2016 will be used to calculate a property’s taxes from 2017 to 2020. Increases are phased in over four years, which represents only a rise of 0.9 per cent a year, for the average Ottawa home.
Airbnb is the reason why renters are having a hard times? “Blame that bugger”Ā -Pink Floyd
CBC.ca – Jul 18, 2016
New numbers released by the City of Vancouver show up to 5,000 active short-term rentals in the city with 85 per cent of those on Airbnb.
Meanwhile, it does sound like the real estate business is equally hot south of the border: –
Yahoo News – Jul 18,2106
In earnings reports last week, JPMorgan Chase & Co , Wells Fargo & Co and Citigroup Inc said they originated $94 billion worth of new mortgages during the second quarter in their core mortgage operations, an increase of $23 billion, or 31 percent, over …
Same belief that a super Housing Bubble has been created … And the sameĀ Chicken Little: “The sky is falling!” … No one cares.
Wall Street Journal – āJul 16, 2016ā
OTTAWAāLow interest rates around the world are fueling a familiar threat of housing bubbles, and central bankers in a number of key economies feel powerless to stop them
What a Brit newcomer thinks of the Great White North … No worry, it sounds like a positive one. Mostly compliments. Good bloke.
Huffington Post Canada – Jul 18, 2016
Even your biggest cities have empty subway carriages and you don’t have to be a multimillionaire to live in a detached house. Coming from a country smaller than British Columbia and with a population almost twice that of the whole of Canada, we can’t …
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Whaddaya Say?