Housing Market

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Canada's Real Estate Must Be About People, Not Speculators

When people's incomes are locked into making mortgage payments or rent, small businesses and local economies suffer. High mortgages mean little flexibility, and not much left over for other life purchases. The consequence: big chunks of cash flow to Bay Street instead of Main Street. There is no question that the province needs to take action now to combat speculation, increase supply and decrease demand.
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The Future Of Canada's Rental Market

2016 was a monstrous year for Canadian real estate, and it's hard to imagine what the effects of another record-setting year will have on the red hot rental market. To put things in perspective, the CREA Home Price Index jumped from 184 to 208.9 by the end of last year. The total number of home sales increased by 6.3 per cent year-over-year and anyone who tried to buy a home or condo is fully aware of what these figures meant for the price of homes.
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Nothing Is Spookier Than This Month's Housing Situation

Halloween is coming up, but if you've been paying any attention to the housing headlines this fall, you might be getting spooked for a whole other reason. It could be the skyrocketing price of homes that's causing you to lose sleep. Perhaps it's Finance Minister Bill Morneau's recent changes to mortgage rules which took effect on Oct. 17. And it doesn't stop there.
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Canada's Housing Market Crisis Is Your Fault

The first time I heard the line "you're not stuck in traffic, you are traffic" I immediately liked it. People tend to ignore their participation and impact on a situation and often believe things are happening to them, not because of them. I wanted to explore this concept as it applies to the Canadian real estate, specifically the Vancouver and Toronto metro area housing markets.