New York City is getting an additional tool to crack down on real estate flippers. The new tool is just one of the few ways the city is letting speculators know they aren’t welcome.
Canadian real estate has entered a down cycle, with price gains rapidly tapering and sales across the country falling the most since the Great Recession.
Mortgage debt on residential Canadian real estate is now more than a third of the size of Canada’s GDP. Here’s the reason that’s an issue.
French NGO, Sherpa, is alleging that millions of dollars in Canadian real estate bought by “corrupt African leaders” was obtained with questionable cash sources.
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.
