One of the most recent and frightening developments on the Canadian real estate scene is the destruction of Home Capital. Home Capital is referred to as an alternative lender, it lends money to house buyers who otherwise do not qualify for a residential mortgage from traditional lenders. In other words, these are high-risk mortgages. Home Capital earns a high rate of return on its funds as a result of higher mortgage rates and a host […]
Category: Real estate Canada
Real estate resources for your review, reading and study as the case may be.
Bidding wars, shortage of listings challenge London buyers, realtors This is an article that you should read to just prove how stupid things are getting. London is one of the sleepiest cities in Canada. Talk about nothing going on. Yet there is some pressure on house prices there. I lived there for two years. I know what I am talking about. This is truly ridiculous.
Canadian House Price Growth Remains Elevated: CMHC Reports
Here is a news story on the outlook for Toronto real estate in 2017: Toronto real estate heading for another hot year: TREB .
Looking at real estate in Canada My blog looks at a number of aspects of real estate in Canada. From prices to mortgages to interest rates and general economic conditions. As you can imagine, the amount of information available is considerable. I’ll try to provide information that is relevant and timely as relates to informed decision making on real estate related matters. In addition, I’ll be reviewing some books that I find interesting which are relevant to the topic […]
Outlook 2017: B.C. economy headed for 2017 slowdown
I had a look at real estate market conditions for the Greater Toronto Area for the month of November 2016. It’s interesting looking through the data to see what is actually going on in the market. The data may be found in the TREB Market Watch. Sales for the month of November were a total of 8,547 units throughout the GTA. When you think about the number of units for one month for the entire GTA, […]