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Canada | Top Stories

This Week’s Top Stories: Chinese Government Seizes Billions In Canadian Real Estate, and Top Chinese CEO Thinks Vancouver Is “Overpriced”

This Week’s Top Stories - Chinese Government Seizes Billions In Canadian Real Estate, and Top Chinese CEO Thinks Vancouver Is “Overpriced”
February 25, 2018

The Chinese government just took control of a company that recently bought billions in Canadian real estate, and one of Asia’s top real estate execs says Vancouver is “overpriced.”

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Canada | China

The Chinese Government Just Seized Billions Worth of Canadian Real Estate

The Chinese Government Just Seized Billions Worth of Canadian Real Estate
February 23, 2018

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.

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Canada

China’s Largest Overseas Real Estate CEO: Taxes Won’t Stop Wealthy Foreign Buyers

China’s Largest Overseas Real Estate CEO - Taxes Won’t Stop Wealthy Foreign Buyers
February 23, 2018

The CEO of China’s largest international real estate portal thinks Chinese demand for Vancouver real estate will drop because it’s “overpriced,” not because of taxes.

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Canada

Canadian Regulator Confirms It’s Harder To Get A Mortgage With Foreign Income Now

Canadian Regulator Confirms It’s Harder To Get A Mortgage With Foreign Income Now
February 22, 2018

Canada’s federal banking regulators drop us a line to tell us that getting a mortgage for Canadian real estate, with foreign sourced income, is already a lot harder.

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British Columbia | Vancouver

BC’s 2018 Budget Takes Aim At Vancouver Real Estate Speculators, Here’s Why

BC’s 2018 Budget Takes Aim At Vancouver Real Estate Speculators, Here’s Why
February 21, 2018

The Province of British Columbia unveiled its 2018 budget, including a 30 point plan to restoring housing affordability. Here’s the most important details that may impact Vancouver real estate prices.

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Toronto

The Gap Between The Price of A Toronto Condo and A Detached Is Closing Fast

The Gap Between The Price of A Toronto Condo and A Detached Is Closing Fast
February 21, 2018

Toronto real estate prices are diverging, with detached prices dropping while condos are hitting new all-time highs. Is the gap between the two becoming too close?

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Toronto

Toronto Condo Prices Reach All-Time High, Inventory Rises Over 30%

Toronto Condo Prices Reach All-Time High, Inventory Rises Over 30%
February 20, 2018

Toronto condo prices just printed another all-time high, but is seeing gains taper. Here’s what you need to know about the numbers.

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Toronto

Teranet: Toronto Real Estate Prices Stop Declining, “Entirely Due To Condos”

Teranet - Toronto Real Estate Prices Stop Declining, “Entirely Due To Condos”
February 19, 2018

Teranet’s Toronto real estate price index has stopped declining, but there’s a little more to those numbers.

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Canada

Canadian Real Estate Sales See Largest Drop Since 2008, Here’s Why

Canadian Real Estate Sales See Largest Drop Since 2008, Here’s Why
February 16, 2018

Canadian real estate sales see the biggest drop since the Great Recession, and it’s actually in line with what was expected.

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Canada

CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder

CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder
February 15, 2018

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.

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