Actually the 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

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Vancouver, Calgary & Toronto Single Family Dwellings and a Millionaire all priced in CA$ Gold

The chart above shows Vancouver, Calgary and Toronto single family dwellings as well as the value of a Millionaire all priced in ounces of CA$ gold. It attempts to look for breakouts or breakdowns in the hot Canadian real estate markets when valued in a globally traded “currency”. Bullion attracts investment when credit markets contract because of its classic use as a hedge against currency depreciation and its ability to act as a store of value.

….read more HERE

….related:

The Good Bad & Ugly For Real Estate From a Trump Presidency

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.

…related: The Main Investment Theme For the Next Decade

The chart above shows the average detached housing prices for Vancouver*, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of Vancouver, Calgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag).

….read more HERE

….related:

Ozzie Jurock – The Bear’s Returned To Vancouver’s Real Estate Market …But Few Noticed.

…also from Victor Adair Live From the Trading Desk: Raking in the Cash