The über rich are flocking to Sydney for second homes, 7% of Toronto homes sold were owned less than a year, and BoC finds mortgage problems.
China’s international real estate binge is dead, 3.1 million US mortgages are still underwater, and Toronto has a ton of ballin’ families.
Canadian debt problems are getting out of control, Vancouver does have domestic speculators, and there’s a global pension shortage.
The Canadian senate heard from Moody’s, the IMF, and the CMHC. Here’s your cheat sheet on what they said about real estate and our banks.
This week we discuss real estate commodity cycles, global millennial homeownership rates, and why inflation numbers are wrong.
This week’s top news for Canadian real estate, including Canada’s speculation problem, Vancouver’s mortgage quality is slipping, and more.
Toronto real estate might be turning a corner, Mainland Chinese buyers aren’t exchanging yuan, and Vancouver is seeing higher prices again.
This week’s top real estate stories were around subprime lending in Canadian real estate, and prices are still climbing.
A summary of the most important Canadian real estate stories: Canada’s reliance on debt, Toronto speculators, and Vancouver renters.
The CBC just reported over 130 people lined up for a shot at renting a single apartment, and things could get worse for Vancouver renters.
