Could this market be the next to implement a foreign buyer tax?
The government made a pledge in the federal budget that brokers can’t afford to gloss over, cautions one industry vet, worried about the possibility of higher mortgage rates.
The verdict is still out for some, but many brokers are applauding the launch of a unified broker association being compared to the nation’s Realtor organization.
With dizzying growth in home prices and sales, analysts are addressing broker concerns about a possible crash in key real estate markets.
With average prices and home sales in some of Canada’s largest cities continuing to experience astronomical growth, many analysts are wondering just how long it will take for those markets to come crashing down.
Groups of Vancouver neighbours are teaming up in ‘assemblies’ in order to create attractive land parcels to sell to developers but according to the Vancouver Sun, the city council is being “selective” on its rezoning decisions.
Analysis by the Royal Bank of Canada shows that investors looking for long-term returns would be better off with REITs than condos.
The housing market in Calgary may have softened by a Toronto developer is committed to building a new two-tower residential development in the city.
A poll by Manulife Financial has confirmed that Canadians still see home ownership and real estate investing as the best investment vehicle, and they are not willing to give up cash in their portfolios.
FSCO continues to crack down on unlicensed financial companies attempting to circumvent the use of mortgage brokers by dealing directly with the public.