Millennials Holding Back on Home-Buying
Posted on Apr 27, 2016
Younger Canadians are in no rush to buy a home, preferring to wait until they have saved enough to be able to get the home they really want. A survey by BMO found that although 60 per cent of millennials say they are tired of renting, 70 per cent will wait until they can afford a home that meets their requirements.
"More than the intangibles, the re...
Interest rate cut unlikely but low rates set to remain
Posted on Apr 27, 2016
The governor of the Bank of Canada gave a speech in New York Tuesday in which he highlighted the weakness in the global growth outlook and how lower interest rates are likely to be the new normal. Stephen Poloz ruled out a further cut in Canada’s interest rates though, unless there is a “shock of some significance.” While the governor’s words were...
Vancouver most desired high-end properties in world
Posted on Apr 21, 2016
An influx of foreign capital spurred by rock-bottom exchange rates has made Vancouver’s offerings the world’s most desired high-end properties, according to a recently released report by Knight Frank.
The consultancy’s latest world health report revealed that prices for prime real estate (defined as being in the market’s top 5 per cent) in Vancouver...
STOP THE PRESSES!! BC Budget Introduces Radical Measures Addressing Affordability
Posted on Feb 16, 2016
BC Budget 2016 – the impact on real estate buyers and sellers!
The BC government introduced its 2016 budget today. The budget included a number of items intended to affect affordability and availability in the Lower Mainland’s housing market.
Here’s a summary:
Property Transfer Tax (PTT)
• a New Housing exemption will apply to newly built homes or newl...
Some BC real estate agents insider trading and helping to money launder: NDP...
Posted on Feb 15, 2016
The independent office charged with overseeing the British Columbia real estate market will investigate allegations of fraud and insider trading by some Metro Vancouver realestate agents, the provincial government said Monday.
Superintendent of Real Estate Carolyn Rogers will work with an advisory group being set up by the Real Estate Council of B.C...
Canadian real estate market outlook 2016*
Posted on Jan 25, 2016
If you could rewind 365 days to January 2015, would you short the Canadian real estate market? Given the predictions back then—of an imminent bubble burst and a housing market crash—hedging on real estate losses would’ve been a smart, speculative position. Of course, any active investors who did bet against the real estate market wouldn’t have done...