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 is a presentation by DBRS on the Canadian housing market. It summarizes their view on where things are. The numbers […]
Category: My Journal
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. How true it is. “If you’re worried that housing prices are too high, the single rate that the Bank of […]
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
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 think we know about the housing market to understand what to do about it. The spiraling cost of housing is […]
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 of all, there is the search process. I have had unreturned phone calls, unreturned emails, unreturned requests for information built […]
Canada’s economy is growing at the slowest pace in 60 years and the only thing holding us up is housing Canada is in the midst of one of its weakest expansions ever, and only the housing boom keeps it from getting worse.
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.