This is for the people that are rushing into the market, thinking you can always find someone to buy your flip, because "property prices always go up." For that crowd, let's take a look at how buying at the peak of Toronto's last real estate frenzy resulted in massive losses, and how long it took to recover.
Data Nerd, public policy advocate, and CEO at Better Dwelling
Stephen Punwasi is a data analyst and tech entrepreneur. He recently co-founded Better Dwelling, Canada's largest independent housing blog, where he helps journalists turn large data sets into stories. <br> <br> He encourages journalists that need help interpreting their data and visualizing them to contact him.
Global real estate markets are breaking a sweat, and Vancouver should be no exception. Those same foreign buyers that sent property values soaring around the world are now a little short on foreign currency.
02/03/2017 12:40 EST
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.
12/21/2016 02:14 EST
Instead of crashing in 2008, countries like Canada, Australia, New Zealand, and the U.K. decided we just needed more money. The result? Soaring real estate prices, stagnating incomes, mounting household debt and lowered economic output have sent four of the largest economies in the realm into a massive bubble.
10/07/2016 01:42 EDT
The cost of hosting Will and Kate is three times the amount given to study foreign ownership by the federal government. Or 75 per cent of the projected revenue to come in from the Vancouver Vacant Home tax. Not exactly chump change to fly them around for a vacation.
09/26/2016 09:34 EDT
Tax evaders are using homes to bring money from high-tax jurisdictions into Canada. Since they can't just move fat wads of cash without attracting scrutiny, they've come up with several techniques. Using soft assets that don't have fixed trade values (like homes) is one of the easiest ways to do it.
09/19/2016 05:19 EDT
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.
08/05/2016 11:23 EDT
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