Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
A top Chinese property executive thinks Canadian real estate prices will be impacted by stress testing buyers, more than foreign property taxes. She blames easy credit to absorb asset inflation, which it turns out the Bank of Canada has been saying for years.
The Chinese government just seized control of Anbang, one of China’s largest real estate buyers, and now controls billions worth of Canadian real estate.
Foreign buyers looking to buy Canadian real estate just got a massive hurdle when obtaining a mortgage, from CIBC – one of the country’s largest banks.
Vancouver real estate prices have been soaring, and the CMHC thinks they know why… for the most part. They still can’t explain almost a quarter of recent gains.
Toronto real estate prices have been soaring, but how much higher than they should be? The CMHC thinks almost 60% of the gains were unexplained.
New data from the CMHC shows Canadian real estate is increasingly being bought with mortgages held by foreign buyers. Great insight, but the data is kind of dated, since it’s pre-Chinese crackdown on capital flight.
The process of buying US and Canadian real estate is going to become even easier for wealthy Chinese buyers. Juwai, China’s largest overseas property portal, is teaming up with a high net-worth investment association, to develop a stronger overseas real estate investment eco-system.
Not seeing the benefits of the booming economy the Canadian government keeps telling you about? Neither does the World Economic Forum, that ranks Canada low for economic inclusiveness.
Canadian real estate prices are closely related to employment and interest rates. Here’s why we might be looking at employment numbers wrong, and how that may have contributed to a premature rise in interest rates.