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Home Capital

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 […]

Going from dumb to dumber

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.

This says it all – no growth Canada -wishful thinking

Canada Is the G-7’s Surprise Growth Leader, For Now Exports and business investment remain an important part of the normalization narrative for the central bank, despite their recent poor performance. By 2019, those two segments will contribute 1.3 percentage points to a forecast 1.8 percent growth rate that year, according to the bank’s new forecasts. Without that, there will be nothing to offset an expected slowdown in household spending, residential investment and government stimulus.

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