Capital Controls Continue To Halt Mainland Chinese Real Estate Buyers
China’s FX reserves hit a five month high, and real estate markets dependent on Mainland Chinese buyers are noticing the lack of spending.
China’s FX reserves hit a five month high, and real estate markets dependent on Mainland Chinese buyers are noticing the lack of spending.
Canadians aren’t just buying new homes, they’re buying shiny new cars to match. Only problem is they’re using a record amount of financing.
Still undecided on how you’ll vote in the BC election this week? Here’s the data points everyone interested in housing needs to review first.
Vancouver real estate quietly set a new record in April, although real estate boards aren’t exactly shouting it from the rooftop this time.
The Vancouver real estate landscape is quickly changing, and detached homes are going to play less of a role in the future.
Toronto real estate saw new listings soar by 33%, and sales decline. Despite this, buyers still sent prices higher.
Canadian real estate was still on a run in March, but around the Greater Toronto Area saw prices appreciate 50% faster than other cities.
Canada is now so dependent on real estate, it was the only reason the economy grew in February. Careful with those “cooling” measures.
This week’s top real estate stories were around subprime lending in Canadian real estate, and prices are still climbing.
Real estate markets are healthy because there’s a low level of defaults, right? Not exactly. Junk economists (and that cousin of yours that gives unsolicited investment advice) often explain that the lower the levels of mortgages in arrears, the healthier the market. In actuality, it’s the opposite. Low levels of defaults are a sign that […]