Blog - Craig Doherty

Can't Have a Debate Without Data

Posted on May 12, 2015

I read this brief article on Canadian Real Estate Wealth:

"MP Calls For Data on Foreign Ownership: Kennedy Stewart, the MP for Burnaby, has once again called for a housing study to be conducted by government agencies and for these to include data on foreign ownership.

Stewart says that CMHC and Statistics Canada need to do the work as cities don’t ha...

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Why Rates Won't Rise...Anytime Soon

Posted on May 11, 2015

Warren Jestin, the chief economist for ScotiaBank, said Canada’s central bank likely won’t raise interest rates, possibly until the end of next year.

Jestin pointed to several reasons behind his forecast, each of which he said led to the Bank of Canada’s concern for the economy, which, in turn, is keeping rates low.

The first concern is the low value...

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Craig Bytes May Newsletter

Posted on May 08, 2015

Short, sweet, to the point...Craig Bytes http://eepurl.com/bl7nqj

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Latest Travel to China...

Posted on May 03, 2015

I believe that to be effective in Real Estate you need to have (what the US term as) a tilt to China.

2 weeks ago I visited China for the 3rd time in the past 12 months. Shanghai was a day and a half of meetings and sight-seeing.
 
Then off to Beijing for the Annual Beijing Spring Property Expo. I joined colleagues from LA, San Fran, NYC in representin...

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Vancouver Deemed Low Risk for Correction - CMHC

Posted on May 02, 2015

There is so much being written on this subject. Sure my mindset (as an old bankruptcy/restructuring lawyer) is that what goes up must come down. My thoughts are these. Prior to the Global Financial Crisis in 2008 no one had any idea that a bunch of rogues on Wall Street were putting together toxic mortgage books. The conservative nature of the Cana...

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Affordability Continues to Weaken in Vancouver

Posted on May 01, 2015

A new report shows that housing affordability in Vancouver has continued to become more difficult.

The Desjardins Affordability Index shows that the average selling price in the metro is almost $850,000, which is double the average price ($424,000) in the other cities included in the study, and 10 times the average income in the area.

The report incl...

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