Category Archives: Real Estate
It’s also worth remembering the US housing market collapsed when it took 4.6 times the average income to buy the average home. Today in Canada the number’s 5.1. In Toronto, 5.5. In Vancouver, 9.3. via Book and Weblog – Authored … Continue reading
Extraordinary data – direct from the CMHC and another reason to stay away from housing in Canada
“OTTAWA – Bank of Canada governor Mark Carney has repeated his concern that Canadians may be getting in over their heads in the purchase of homes, saying the government has ways of slowing the market. Carney told a Senate committee … Continue reading
Apparently a lot of smart, wealthy Asians and Americans who adore the 6 months of rain, prohibition-era liquor laws, visible poverty and generally over-regulated nanny state known as the Cty of Vancouver, will soon move here and buy bucket loads … Continue reading
“No one could ever have imagined the real estate market would drop as much as this.” — Except for those who did.
Unfortunately the musings of real-estate developers and realtors need to be taken with a large pinch of salt. Despite Mr Evans’ protestations, many people did correctly predict the current melt-down. Vancouver Housing Blogger even had a nice graph to show … Continue reading