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More than 10,500 new condo units are slated to hit the Greater Vancouver housing market this year, according to MLA Canada's 2017 Market Intel report -- opening up plenty of more-affordable housing options for prospective homebuyers who have been priced out of the single-detached segment.
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5 Canadian housing markets show strong evidence of "problematic conditions."
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Only in Sydney and Hong Kong do you get less bang for your housing buck.
The most basic economic principle is, when there is a rise in demand, the invisible force of supply will kick in, and this is how economic growth is generated. For those who want to blame the housing crisis on immigrants, let's think about how our economy would look like if B.C. or Canada did not have the intake and growth brought by immigrants.
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It was a tumultuous year.
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Skyrocketing home prices dominated the headlines in 2016, and it's no surprise that housing unaffordability remains the news of the day as we wrap up the year. Affordability has hit an eight-year low in the third quarter of 2016.
Special interest groups have always staged PR events to try and gain coverage, but the real estate industry has decided to take a more "proactive" approach. Some members of the industry are turning regular journalism into "commerce journalism," by manipulating coverage in their favour, sometimes engaging in unethical practices.
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If a bank can trust a lender, so can the government, she said.
Would-be buyers are being forced to leave the cities they love.
Here are three alternatives to buying a home in a big city.
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The government is offering interest-free and payment-free loans for the first five years.
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"I'm sure it was a miserable night.''
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In a market where you need your parents' help to buy a house, only those whose parents own a house can buy.
Toronto and Vancouver are joining an elite club of cities where many can't afford to buy housing.