In the event Hilary Clinton looses the presidential race, Donald Trump-hating Yanks will be relocating to Canada in drove …
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National Post
Any South Carolinian aggrieved by the state of the U.S. presidential race can take comfort in the words of Jeff Cook: If their candidate loses, he’ll help them move to Canada. Cook, a real estate agent in Charleston, unveiled a series of 15-metre-wide …
Yeah, right.
Seriously, what do Yanks of real estate as a whole? Let’s find out …
Everyone confused … Here are the contradicting views: –
Some economists think the market is only just now entering its full-throated recovery from the housing crisis. In its latest “Macro Insights,” the Goldman Sachs Asset Management team said the housing market was still early in its cycle.
“We think the US real-estate market remains firmly in the expansionary phase of the cycle, with the commercial property market running somewhat ahead of the residential market,” the note from GSAM said.
While PulteGroup, one of the largest homebuilders in the US, said it was planning for a slowdown in the future because “homebuilding is a cyclical business.”
“After four years during which our investment in new land grew significantly, we plan to slow the rate of growth in our new investment in 2017 and beyond,” CEO Richard Dugas said during the company’s second-quarter earnings conference call.
Scaling back investment in new property, which in turn takes a few years to develop, would indicate that the company believes that the housing cycle is headed toward completion rather than just beginning.
But on the commercial-real-estate side, the Office of the Comptroller of the Currency released a report that seemed to indicate that the sector was looking bubbly, which usually ends with a pop … Read more here.
Anyway, times couldn’t be better for real estate in Canada. You’d get offers even you’re not selling your house …
On foreign investment again, detractors aren’t convinced foreign money isn’t the culprit responsible for sky-high house prices …
If foreign money is not the primary force driving Vancouver real estate, how does one explain how the market detached itself from the local economy?