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.”
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.
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.
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.
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.
Canadian mortgage growth is decelerating, and Toronto real estate gets its first media price decline since 2009.
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.
Canadian Real Estate Prices Are The Fastest Falling In The World, and Ultra Rich Asian Investors Are Looking For Large Blocks of Condos.
