Canada Fails To Commit To New Anti-Corruption Measures, Real Estate Soars
Fraud is a major factor in soaring Canadian real estate prices, and a new report shows our Government isn’t interested in stopping it.
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.
Canadian real estate prices could move higher, as analysts are starting to call a further decline for the loonie.
Alberta’s non-recourse mortgages mean many people can walk away from their mortgages with minimum consequences in the event of a crash.
Canadian mortgage debt demolished previous records this year, having risen to $1.03 trillion at chartered banks alone.
Canadian real estate prices have soared so high, the average Millennial now needs to wait at least 10 years to save a downpayment.
The Canadian housing bubble extends far beyond Vancouver, and we look at one of the primary contributors – low mortgage rates.
Canadian real estate prices rose with the US up until 2008, but never crashed. Actually, it continued to rise for the next 8 years – so far.