Archive for October 2016
No crash for Canadian housing market say experts
Moody’s Analytics economist Andrew Carbacho-Burgos believes that growth in prices will slow nationally to 2 per cent with Vancouver and Toronto leading the decline as domestic buyers continue to struggle with affordability and foreign investment eases. http://www.repmag.ca/…/no-crash-for-canadian-housing-market…
Read MoreGovernment well-intended intervention not good news for First Time Buyers
With new mortgage rules just a week away it could be millennials and other first-time buyers who could be the biggest losers. The British Columbia Real Estate’s chief economist Cameron Muir calculates that a family with $80,000 income will see their purchasing power cut by around $100,000 to $305,000 due to the rules. “Housing demand…
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