Hot Properties
Actually CMHC CEO threw grenades at the real estate market. Regulators are to push for higher interest rates, higher down payments, impose more mortgage qualifying restrictions, kill all provincial first time buyer programs and put a cap on the size of mortgages applicants can get.
….also: Live From the Trading Desk: Huge Moves – Time to TipToe Short Term
Ozzie on major moves in real estate that will flow from a Trump Presidency in both the US and Canada. Areas effected by Trump’s favoring coal, the military, marijuana, the Keystone Pipeline and infrastructure spending on the plus side. More on the negative side in this interview with Michael.
…also from Victor Adair Live From the Trading Desk: Raking in the Cash
Ozzie brings forward the newest real estate numbers, plus also brings up to date the cost of building a green home. Also two red hot properties.
….also Michael’s Editorial: The Blatant Media Bias
This is what happens when government doesn’t understand markets as sales numbers for Vancouver to October 21st has condo’s down 53% & single family homes down 77%! Thank you foreign buyers tax and Canada’s Mortgage rule changes. Where to from here for Canada’s strongest industry?
….also from Michael: Powerful Trends That Are Changing Everything