Home Prices Could Rise, Home Builders Say
Among all the talk of a housing bubble in Canada, many experts have stated that we should all relax because housing prices are expected to go down 5-10% within the next year. But according to members of the Canadian Home Builders’ Association, with the cost of lot prices increasing, and stricter constructions standards, the cost…
Read moreCanadian Homebuyers Compete with Foreign Investors
Just this week we wrote on this blog about how residents of Arizona are becoming frustrated with the amount of Canadian investors swooping up properties in their neighbourhoods and driving the prices sky high. Well, it seems as though those properties might just be fair game; and the ones here in Canada are, too. Investors…
Read moreHome Construction Going to Slow
Here’s an interesting fact for you: currently, Toronto is seeing more new home construction than any other city in North America. Need that put in perspective? Toronto currently has 158 new construction projects that include condos and skyscrapers; together New York, Chicago, and Miami only have 94 combined. Yowza. It’s no wonder Torontonians are always…
Read moreRelax, Our Housing’s not in Trouble
Bubble, bubble, bubble. That’s all anyone’s talked about when it comes to Canada’s housing market over the past year or so. Prices keep going up, and many Canucks can’t help but see our future situation as being as bleak as it was in the States during the recession. And of course, no one’s more worried…
Read moreHousing Problem must be Addressed in Federal Spring Budget
It might not surprise many to find out that experts are worried about housing in Canada. Mortgages are getting higher and higher, and people continue to worry about the “bubble” that we’re in. Add that to the fact that we keep increasing our debt load, and it’s easy to see why so many Canadians are…
Read moreIs the Balloon Deflating?
Many experts think that Canada’s in a housing bubble; no secret there. But, other analysts have compared our nation’s housing market to a balloon rather than a bubble; and instead of popping, it will slow deflate. And with the recent statistics out of the Teranet-National Bank Composite House Price Index, it seems as though the…
Read moreHousing Market Slow Last Month
The Canadian Real Estate Association announced last week that home sales across the country dropped by 4.5% from the month before. The news is not that surprising, as the winter months are often slow in the market with homebuyers spending time and money on holiday shopping, and then trying to catch up on that spending….
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