Canadian PM Justin Trudeau strikes fear into the heart of Kim Jong Un…
not property price related but I saw this story:
cbc.ca/news/canada/new-bruns … -1.4352013
Seems a local council can rezone your 5 acres so you can no longer keep your horses. The land of the free!
What a bleedin’ sap, eh.
That article also missed out on Greece and Spain it seems.
I sense that the send must be nigh to another recession at this stage as data all seems to be meaningless.
Toronto is tanking
After going full on mental the year before
A Pinster mentioned the influence of Chinese buyers on the Canadian market as a catalytic factor in Canada property woes - an interesting article from 2016.
RUH ROH! - Moving along to more recent times. Soft Landing! says big Canadian builder.
Canada has avoided the kind of housing crashes that has bedevilled countries for decades thanks to government regulations to tame soaring home prices, according to the largest closely held home builder in North America.
"We’re right in the midst of a soft landing, certainly something that we predicted and actually helped influence," said Brad Carr, chief executive of the Canadian division of Mattamy Homes Ltd. "It was necessary. The market here was running a little hotter than we thought it should for the long-term
Will the Canadian Housing Crash Materialize in 2019?
Karen Thomas, CFA | January 27, 2019 |
A Canadian housing crash seems to have already begun.
Canadian real estate sales fell over 11% in 2018, with mortgage rates and risk rising. Home prices are falling, and the stock market has been falling.
All of these affect the real and perceived wealth of Canadians, thereby affecting the volume and creditworthiness of mortgages and loans.
Let’s look at two financial stocks that are at risk.
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) stock is pretty much flat on a one-year basis but down almost 10% from its 2018 highs.
A new luxury condo development in metro Vancouver, Canada, is offering more than on-site meditation rooms and grassy rooftop courtyards for its new residents — it is also including one free year of avocado toast for each sale of its 116 condos, which range from $297,225 for a one-bedroom to $483,023 for a three-bedroom place.
I’m calling peak-Vancouver now (although probably too late).
Avocado Toast is the single greatest tragedy of our time.
How gangs used Vancouver’s real estate market to launder $5bn - https://www.bbc.co.uk/news/world-us-canada-48231558