Is Canada Going Back into a Recession?
Even with our fairly speedy recovery from a recession that Canada just barely fell into, no one is eager to see it happen again. But the incredibly hot housing market that shows no signs of slowing down any time soon indicates that that’s exactly where we might be headed. At least, according to one of…
Read moreWhat’s a Hotel Condo?
Hotel condos might sound like something new in Toronto, where there are currently four of these projects (two already open and two coming soon,) but they’ve been in cities all around the world such as Hong Kong and New York for years now. A hotel condo is simply that – a luxury hotel that has…
Read moreCalgary vs. Toronto
All eyes have been on Toronto’s housing and, more specifically, condo market lately and it has a lot of people worried. Finance Minister Jim Flaherty has stated that he’s worried about “the last condo buyer in Toronto;” and everyone’s worried about some kind of bubble the city’s in with more condos going up every day,…
Read moreWhy the Condo Boom will Continue, and we Shouldn’t Worry
Canadian home prices are overvalued by about 10%? Try somewhere closer to 54%, according to the Economist. And April was supposed to be a slow month for housing starts with only 204,000 starts predicted nationally? The starts actually equaled 244,900 – a huge increase from the forecast. And if the condo market needs such a…
Read moreAre Condo Concerns Legit?
According to stats released by the CMHC yesterday, new condo starts equaled 158,500 across the country, the highest the number has been since September 2007 and it’s the second-highest number of record for condos. While the number is high, it shouldn’t really be all that surprising to anyone after Toronto’s and Vancouver’s condo markets have…
Read moreCanada’s Bubble vs. Spain’s
It seems that just about everyone in the country has concerns over Toronto’s housing market and Toronto mortgages. Home prices are rising far too rapidly and new condos are being built with every breath. Yes, there is concern, and there’s even good reason for it. But while we so often compare ourselves to the United…
Read moreAnother Argument Against Foreign Investors
As more and more people try to come up with a way to solve the problem of Canada’s housing bubble, here again comes a case arguing against foreign investing. However, this one may be a little more sound than those we’ve heard in the past. Foreign investors, when not actually investing in properties but just…
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