Canada is the U.S.A’s number one supplier of oil. Everything that anyone can produce needs oil either as a component as in plastics and energy as in manufactured products such as military equipment or fuel for cars trucks and tanks. I’ve read that some believe that Germany lost WWII because Germany unlike Russia and the … More Asset Price Inflation
“no knee jerk reactions” home builders say. Haste will badly affect the economy Royal Lepage says. Foreign real estate purchases have always existed those in the know say. Ontario minister will take extra care to see that money laundering regulations are enforced. And Canada’s C.D. Howe Institute says Toronto’s housing issue comes down to zoning … More Stumped
Today another sold over asking on a real estate sold sign, a for sale sign for 2 or three weeks. Politicians and central bankers say they don’t know why house prices have risen above what Canadian currency holders can afford. They have middle class jobs though. Anyone who has U.S. dollars knows that you get … More Everyone knows why real estate is expensive.
Today is September 14, 2016 and for most of the day Canada’s business news network has been “texting” on screen that foreign buyers have started buying Toronto luxury properties to avoid the 15% tax on foreign purchases of Vancouver, B.C. real estate. And some are even getting mortgages without proof of income. I remember some … More Toronto’s Real Estate: Debt Worries