My Journal

General commentary.

Drop in housing prices would still leave Canadians with equity

Here is an article from the Financial Post quoting a recent study prepared by DBRS, the Canadian bond rating agency: Massive drop in housing prices would still leave Canadian households with more equity than debt. I find this one of the hardest articles to read that I have come across in a very long time. Here… read more »

More nonsense

Looking at the press on the “tweaking” of the mortgage rules you have once again the Canadian spin on the world. Everything will be fine. Don’t worry. Be happy. Years ago a friend of mine told me that Canada is a plantation with kind masters taking care of the people that need taking care of…. read more »

Living paycheque to paycheque- welcome to Canada

This is what’s going on in the Province of Saskatchewan, without the back breaking housing costs of Toronto and Vancouver. Half of Saskatchewan residents living paycheque to paycheque

Seattle now suffering from the inflow of Chinese capital

It looks like Vancouver is not unique. Although prices are ridiculous in Vancouver, Seattle is displaying the same issues with rapidly increasing housing prices. Hot Money and Seattle’s Growing Housing Crisis: Part One Everywhere you go, Seattleites are talking about our out-of-control affordability crisis. It is on EVERYONE’s minds. We need to reexamine what we… read more »

Renting an apartment in Toronto

Over a number of years, I have been looking to rent apartments in Toronto. It’s a horrible job. It’s been horrible for years even when they were cheaper and more affordable and before the vast numbers of condos that are currently on the market for rent. Renting sucks Renting sucks for a number of reasons. First… read more »

Any chance that Montreal be the next target of foreign real estate investors?

Could Montreal’s real estate market be the next target for foreign investors? A new tax on foreign buyers in Vancouver has real estate agents predicting a spillover effect into other Canadian markets. But it’s unclear if Montreal, often an outlier when it comes to real estate trends, will be among them.