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Analysis: Bank of Canada's early lift-off warning may dampen housing boom fanned by speculators - Vimarsana News

Analysis: Bank of Canada's early lift-off warning may dampen housing boom fanned by speculators

Canada's pandemic housing boom has attracted a larger-than-usual share of speculators, many of whom took advantage of falling variable mortgage rates to take out multiple loans, but the central bank's surprise warning this week about an early interest rate lift-off could douse a rally fueled by cheap debt.

Here are Ontario's hottest cities for bidding wars right now - Vimarsana News

Here are Ontario's hottest cities for bidding wars right now

The only thing more frustrating than buying a home for $300,000 over what it cost two years ago is knowing that you'll need to tack another $200,00...

Source: blogto.com
Analysis: Canada city condo rebound has further to go, fueled by rental demand - Vimarsana News

Analysis: Canada city condo rebound has further to go, fueled by rental demand

Condominium markets in some of Canada's biggest cities have rebounded strongly this year, and agents and analysts say the market could once again return to pre-pandemic red-hot conditions as rental demand surges and inventories evaporate.

Canada's luxury real estate market is on fire. Can the foreign homebuyers' tax cool it? - Vimarsana News

Canada's luxury real estate market is on fire. Can the foreign homebuyers' tax cool it?

Canada’s luxury real estate market is on fire. Can the foreign homebuyers’ tax cool it? Erica Alini © Photo: Sotheby's International Realty Canada The recent sale of a $12.9-million penthouse at the Ritz-Carlton Residences in Montreal was the priciest on record for condominiums sold through Multiple Listing Service system in Quebec. Canada's pandemic real estate craze goes all the way to the top, according to new data compiled by Sotheby’s International Realty Canada. The report, which tracks sales of properties priced over $1 million, $4 million and $10 million, show...

Source: msn.com
Douglas Todd: Sky-high housing prices causing psychological harm - Vimarsana News

Douglas Todd: Sky-high housing prices causing psychological harm

Article content In the almost two years since Sunny and Shilpi moved from Delhi and became permanent residents through Canada’s express-entry program, they have been patching together beginner-level jobs in technology while running a small business. That way they can continue to rent a 500-square-foot apartment in Vancouver’s West End. We apologize, but this video has failed to load. Try refreshing your browser, or Douglas Todd: Sky-high housing prices causing psychological harm Back to video They are rapidly burning through their money from India, which includes their own savings, a fa...

Source: canada.com