Late Payments For Ontario Real Estate Hit Lowest Rate Ever, BC Stalls For 4th Month
Canadian real estate prices are booming, but late mortgage payments are falling rapidly. It probably doesn’t mean what you think it does.
Canadian Real Estate Prices To Be Impacted By OSFI More Than Foreign Buying Taxes, Says Top Chinese CEO
A top Chinese property executive thinks Canadian real estate prices will be impacted by stress testing buyers, more than foreign property taxes. She blames easy credit to absorb asset inflation, which it turns out the Bank of Canada has been saying for years.
This Week’s Top Stories: Chinese Government Seizes Billions In Canadian Real Estate, and Top Chinese CEO Thinks Vancouver Is “Overpriced”
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 Chinese Government Just Seized Billions Worth of Canadian Real Estate
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.
China’s Largest Overseas Real Estate CEO: Taxes Won’t Stop Wealthy Foreign Buyers
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.
Canadian Regulator Confirms It’s Harder To Get A Mortgage With Foreign Income Now
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.
BC’s 2018 Budget Takes Aim At Vancouver Real Estate Speculators, Here’s Why
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.
This Week’s Top Stories: CIBC Kills Foreign Income Mortgage Program, and The CMHC Says Toronto and Vancouver Real Estate Is Showing “Excessive Exuberance”
Time for your cheat sheet on this week’s most important real estate stories. Canadian Real Estate CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder CIBC is discontinuing its Foreign Income Program, a program designed to help those with foreign income obtain an uninsured mortgage. The program is being replaced with new, more […]
Canadian Real Estate Sales See Largest Drop Since 2008, Here’s Why
Canadian real estate sales see the biggest drop since the Great Recession, and it’s actually in line with what was expected.
CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder
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.
