Morneau’s Mortgage Rules Target Millennials More Than Foreign Buyers
The Liberal Government led with foreign buyer news, but actually targeted Millennials and first time buyers with new mortgage changes.
The Liberal Government led with foreign buyer news, but actually targeted Millennials and first time buyers with new mortgage changes.
Consumer debt levels in Canada, the UK, Australia, and New Zealand have surpassed the economic output of each of these countries.
Canada, Australia, New Zealand, and the UK are seeing households borrow record levels of debt to keep up with local real estate prices.
Chinese buyers will seek Canadian real estate in the event of further stock market volatility in China, says a survey from Juwai.com
Two major sales in Toronto real estate may have sold below cost. These may be the first signs of luxury buyer exhaustion.
Consumer debt liabilities exceeded Canada’s GDP for the first time last quarter, threatening not just the housing market but the economy.
Fraud is a major factor in soaring Canadian real estate prices, and a new report shows our Government isn’t interested in stopping it.
Toronto real estate was scorching in August, with the condo market being no exception. The average price is now $417,869
While not as hot as Vancouver, Toronto’s real estate market is still scorching – with more demand and less available inventory.
After the foreign buyer tax, inquiries for properties under a million dollars soared at Juwai – China’s largest overseas real estate portal.