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The entire economy - including government revenues and thereby the services offered by these governments - depends on wild property speculation. And everyone is praying that it can somehow be maintained.
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The government of B.C.'s decision to impose a 15 per cent hike in Land Transfer Taxes for foreigners who buy real estate in metro Vancouver will do almost nothing to lower high housing prices. It will, however, generate even more money for a government that has already profited enormously from foreign nationals.
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Shots fired! While our media has been pointing out how Chinese buyers are driving up real estate prices, the Chinese media has been dissecting our economy and government, and warning Chinese buyers of the dangers of owning Canadian real estate.
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But it wouldn't exactly be a repeat of the U.S.'s housing bubble.
"This is a bubble. A very big bubble. And it is going to end in tears."
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With Canadian household debt hitting record highs this fall, economists are trying to figure out who's most at risk in the event of a debt shock, like a fall in house prices or a spike in unemployment...
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You’ve heard it before: Canadian housing is in a bubble, and a price crash is headed our way. It’s been said enough times in the past six years or so that it seems safe to discount the warning altoget...
If the next Canadian government doesn't take serious pro-active measures to ensure that the cost of sheltering for Canadians becomes affordable, there is a good possibility where, in a not so distant future, foreigners may become major landlords of Canadian homes, dictating their prices and rentals. Effectively, they'll become in position to hold Canadians at ransom in their own country.
“Look at a city like Vancouver. How can a young couple even live in the city where they’re working? That’s not good for families and not good for the economy."
The spending Stephen Harper promised could ultimately lead to strict rules about what kinds of homes — existing or new — foreign investors are allowed to own.
Crash could come in autumn, when U.S. expected to raise rates Vancouver expected to be epicentre Similar bets against Canada made in 2013, no collapse followed When it comes to Canada’s housing mar...
Good news for homebuyers: There are finally some signs that the astronomical climb in Canada’s average home price is starting to abate. The good news for home sellers? Prices are still growing at a st...
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Overvalued real estate markets in Canada and elsewhere show an "unhappy resemblance" to the conditions that existed in America prior to the financial crisis. So says The Economist, which released a se...
The No. 1 issue on James Hodgins’ mind is the eventual rise in short-term interest rates. The chief investment officer at Toronto-based CHS Asset Management noted that the market isn’t pricing in rate...