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Interest rates cast pall on Canadian home sales, with December losses capping worst year since 2012Nationwide, sales totalled 458,442 for the year, a drop of 11 per cent which was the biggest since 2008, the Canadian Real Estate Association said meanwhile Trudeau is investigating nothing through a microscope. The view sample area is empty.
Source: nationalpost - 🏆 10. / 80 Read more »
Toronto real estate watchers on the lookout for ‘the January effect’Toronto buyers and sellers urged to jump into the market early Now add in the biased TREB & OREA 'marketing' & the Trudeau effect, to the hyper-bloated market...and by September you should be able to pick & choose 60 cents on the dollar..unless the trustafarian manages to get re elected..then look for 35 cents on the dollar with no takers.
Source: globeandmail - 🏆 5. / 92 Read more »
Toronto real estate board calls on Ottawa to revisit mortgage stress testTREB says mortgage stress test means homebuyers have to qualify for monthly mortgage payments nearly $700 more than what they would actually pay Lunatics have taken over the asylum.
Source: nationalpost - 🏆 10. / 80 Read more »
Toronto real estate board calls on Ottawa to revisit mortgage stress testThe stress test, which came into effect in 2018, cooled housing markets in Toronto and Vancouver by limiting the ability of those with a more than 20 per cent down payment to qualify for mortgages.
Source: VancouverSun - 🏆 49. / 61 Read more »
Vancouver Real Estate Just Had Its Worst Year Since 2000And now the market is headed for an oversupply of new homes. Seeing as how Alberta's economic prosperity has been derailed in no small part due to arrogant, paper wealth owning Vancouverites, I couldn't give one flying fuck about the downturn of the Vancouver housing market. Not. One.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Home sales down in December to cap weakest annual sales since 2012: CREACanadian home sales in December were down for a fourth month in a row, capping the weakest annual sales since 2012, the Canadian Real Estate Association said Tuesday. That's because people do not want to buy houses as most areas have been invaded by illegal border crossers, fake refugees and ISIS terrorists being welcomed into Canada by Trudeau Liberals 'The stress-test has weighed on sales to varying degrees in all Canadian housing markets and will continue to do so this year,'... IMO this is a huge mistake by the Libs...people who would normally buy can't based on a non existing rate 2% higher. It's hurting...esp rural areas. That’s Turdo and his incompetent team for you and the worse has still to come!
Source: CTVNews - 🏆 1. / 99 Read more »
This is what $500K can get you in real estate across CanadaYou might be shocked how big a place you can get in some parts, not Toronto or Vancouver though obviously. Disappointed that the prairies were skipped!
Source: CTVNews - 🏆 1. / 99 Read more »
How Quebec came to rule Canadian real estate in 2018Meanwhile in Ontario, home sales dropped so much Toronto raised the alarm about a $99 million tax shortfall Should this article say Montreal...I doubt its the same effect in Quebec City....
Source: nationalpost - 🏆 10. / 80 Read more »
B.C. civil forfeiture case alleges drug money laundered in real estateCash of $67,000 and properties valued at $2.7 million are sought in suit by BC civil forfeiture office
Source: VancouverSun - 🏆 49. / 61 Read more »