Foreign Buyers Made 4.7% of Toronto Area Real Estate Purchases
Foreign buyers accounted for 4.7% of Toronto area real estate purchases. This includes people eligible for the foreign buyer tax rebate.
Canada Has Twice As Many Vacant Homes As The US Did Before The Crash
Canada has twice the ratio of vacant homes the US did before the great recession, indicating Canadian real estate may be in hypersupply.
This Week’s Top Stories: Canada Throws Two Signs of A Financial Crisis, Vancouver’s Subprime Fuel, and Inflation Falls Way Below Target
Canada gets flagged for a financial crisis…twice, Vancouver’s subprime buyer program is spiking prices, and inflation plummets.
How Much Value Does Vancouver Real Estate Produce Anyway?
Vancouver real estate fetches a premium because of the business being done on the land, but no one’s measuring it. Don’t worry, we just did.
Shady Marketing, or Does Vancouver Have 357 Foreclosed Homes For Sale?
A website has popped up advertising foreclosed Vancouver real estate listings, but how did the agent find so many? They didn’t.
Hundreds of Thousands of Canadians Don’t Have Access To Clean Water
Officially 84,000 Canadians can’t access fresh water, but we scoured records to find out that only includes 10% of active water advisories.
Foreign Purchases of Vancouver Real Estate Up 68% In May
Vancouver real estate sales are picking up again, and so are sales involving foreign nationals.
BC Government’s Subprime Loans Fueled Almost 7% of Vancouver Real Estate In Q1
Vancouver real estate buyers got help from the BC Home Partnership, but the program added more to prices then it contributed. *slow clap*
Late Mortgage Payments In Ontario Fall To The Lowest Since The 1990 Crash
Mortgages in Ontario ticked down to the lowest level since just before the Toronto real estate crash of 1990.
Canada Hits Two Critical Warning Signs For A Financial Crisis
The Bank for International Settlements is flagging Canada with two warning signs, indicating a financial crisis is likely.
