We have been waiting for the cooling of Canada’s real estate market. When oil prices took a dive, oil based areas of Alberta immediately saw a huge correction. Today we have extraordinary prices in Toronto, Vancouver, and others and it would seem nearly impossible to stop. Today, we see sales dropping massively, and we anticipate the Bank of Canada reducing liquidity, to stop fanning the flames that have made real estate completely unaffordable to many.
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In This Episode:
We have been waiting for the cooling of Canada’s real estate market. When oil prices took a dive, oil based areas of Alberta immediately saw a huge correction. Today we have extraordinary prices in Toronto, Vancouver, and others and it would seem nearly impossible to stop. Today, we see sales dropping massively, and we anticipate the Bank of Canada reducing liquidity, to stop fanning the flames that have made real estate completely unaffordable to many.
canada real estate house housing market stocks interest rates bank
Toronto home sales drop 40% compared to a year ago - Toronto - CBC News
http://www.cbc.ca/news/canada/toronto/toronto-home-sales-july-1.4233295
Is a Second Rate Hike in 2017 Inevitable? | The Motley Fool Canada
https://www.fool.ca/2017/08/08/is-a-second-rate-hike-in-2017-inevitable/
Toronto home buyers and sellers play the waiting game - The Globe and Mail
https://www.theglobeandmail.com/real-estate/toronto/toronto-home-buyers-and-sellers-play-the-waiting-game/article35919977/
Toronto Real Estate Prices Are Dropping Up To $2,100 Per Day | Better Dwelling
https://betterdwelling.com/city/toronto/toronto-real-estate-prices-dropping-2100-per-day/#_
What slowdown? Vancouver and Toronto real estate markets still hot and unaffordable for many - Business - CBC News
http://www.cbc.ca/news/business/real-estate-housing-toronto-vancouver-prices-1.4236245
Hong Kong ad offers to cover foreign buyers' tax for Toronto condo investors - Article - BNN
http://www.bnn.ca/toronto-condo-ad-in-hong-kong-offers-to-cover-15-foreign-buyers-tax-1.753423