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Nafta – Canada’s ticking time bomb

Ross Says TPP Could Form Starting Point for U.S. on Nafta Talks The Government of Canada continues to take the “don’t worry, be happy” approach to governing the country. Canada never has bad new, only good news that maybe is not so great. The US Secretary of Commerce has his sights on Nafta, and it’s unclear what the implications will be for Canada. But the story is the same, it will all work out for the […]

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.

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 is a presentation by DBRS on the Canadian housing market. It summarizes their view on where things are. The numbers […]

The Motley Fool and Toronto real estate

I have been bearish on Toronto real estate for a while. The moon and the stars are lining up against the market. Affordability, new mortgage rules and the insane amount of debt that Torontonians carry. Here is an article that makes me wonder from the Motley Fool: Will 2017 Finally Be the Year Toronto’s Real Estate Bubble Bursts? Now I am not so sure. The Motley Fool is a tip sheet, in my opinion, selling products […]

When you involve China, things get complicated

Here is an interesting read on a lawyer who is under investigation with respect to BC real estate transactions and Chinese investors. It’s a bit complicated, but it’s worth a read. B.C. Law Society takes over part of Richmond real estate lawyer’s practice. There is a lot going on here, but here is one of the points that I find most fascinating: In a B.C. Supreme Court civil suit, Guo has accused two former employees of […]

Annual property tax assessments should be scrapped in favour of three-year reviews

Change to property tax assessments could ‘save taxpayers money’: Sutherland In the long list of nonsensical thoughts, this one should be one of the toppers. Guess what, if you determine real estate property values every three years, it will be lower than if you adjust them every year. This is just math. And to be honest, I am amazed that anyone at Calgary City Council understands math. That’s the real shocker! The point is that municipal […]

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