We may be Overvalued, but still Better than the World
Canadians are prone to worry; it’s just one of those things that we’re really good at. And when homes in Vancouver are averaging prices of over $750,000 for a single detached; and the average amount for a Toronto mortgage is $650,000, it seems like there’s a lot for us to worry about. But we should…
Read moreWhat’s Happening in the Big 5
We talk a lot on this blog about Ottawa and Toronto mortgages, even touching at times on Calgary mortgages; and there’s good reason for it. These three cities, along with Vancouver and Montreal, make up nearly half of Canada’s entire population. So it stands to reason that a look at what’s happening in them paints…
Read moreOECD Concerned about Toronto and Vancouver, Too
Canadians have liked to talk about almost nothing else for the past year and a half except for the state of our housing market, especially those in Vancouver and Toronto. Now the Organization for Economic Cooperation and Development has also chimed in on the conversation, saying that these markets are highly overheated and that as…
Read moreToronto, Vancouver to Face Price Drop, says TD
It looks as though the two hottest markets in Canada can expect a downturn in the next several years. That is, according to TD economists anyway, who say that both Toronto and Vancouver will experience a drop in prices within the next two to three years. But those who are worried about underwater Vancouver and…
Read moreToronto’s Market Slowing? Not Likely!
Just yesterday we published a post showing how Toronto’s housing starts had been down in May, whether this meant a slowdown in the market, and what that potential slowdown could mean. But stats on sales show that starts alone do not a housing market make – and it’s also very hard to dictate what the…
Read moreIs the Toronto Mortgage Market Slowing?
As soon as the Vancouver market settled down the Toronto market picked up where it left off; and it had many worrying that Toronto mortgages and Toronto homes were in a bubble that was about to burst. But it seemed the more people worried the busier Toronto mortgage brokers became, with new starts breaking ground…
Read moreBoomers Worried about Housing Affordability
From the way many people talk about the Boomers lately, you’d think they have nothing to worry about. They are the last to enjoy a retirement age of 65, and many think that because Canada’s retirement pot is going to be drained by them, they’re going to get all the money too. While the first…
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