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Canadian Speculators, Not Foreign Money, Are Driving up Home Prices

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Historically low interest rates set by the Bank of Canada make it relatively risk-free for speculators to borrow large sums of money and invest in real estate - driving up prices in the process. Under the radar That has prompted comparisons to the spike in foreign investment that enveloped Vancouver's real estate market, and pushed up housing prices to the point where the provincial government stepped in with tax measures to slow the rush. ... Besides his ...

3 Cities Push Canada To Another Record On House Prices

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Home prices in Canada rose for the 15th straight month in a row in April, according to the Teranet-National Bank house price index, which once again hit its highest levels ever. But virtually all the strength seen over the past year came from just ... Vancouver's high real estate prices spilling over to Chilliwack That's according to a Canada Mortgage and Housing Corporation (CMHC) report issued last week that addressed the spill-over effect, something also affecting the largest housing market in the country in Toronto. “When home prices in the City of Vancouver ...

Gordon Clark: New real estate taxes only created new problems

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But recent reports show that whatever effect it had has almost disappeared, with Statistics Canada reporting this week that Vancouver prices are rising again, and the Canadian Real Estate Association saying that prices are back above where they were in ... http://rock.ly/vat2e Vancouver House For Sale In Bitcoin A Sign Of Suspicious Activity The asking price? A measly-sounding 2,099 bitcoin. But that's not chump change - it's C$4.85 million at current exchange rates, pricey even by Vancouver standards. The house is described as “new” in the ad and looks unlived-in in the pictures provided.

Housing inventory at 20-year low, B.C

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Real Estate Association says ... New data from the B.C. Real Estate Association (BCREA) shows housing supply in the province is at a 20-year low, and the association says that lack of supply ... How long would millennials have to forgo avocado toast to buy a home in Canada? WATCH: Australian millionaire Tim Gurner has found himself at war against millennials, after saying buying treats like avocado toast are putting home ownership out of reach for a generation.

Majority of Consumers Now See Canadian Home Prices Rising

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Expectations for Canada's housing market are heating up, with more than half of respondents in a weekly telephone survey predicting home prices will rise, the first time the measure has topped 50 percent in records dating back to 2008. The bullishness ... Canada's Housing Market Has 30% Chance Of Busting Out: Goldman Sachs Notably, however, it said the overbuilding is not in Canada's hottest markets -- the Toronto and Vancouver regions -- but primarily in Alberta and Saskatchewan, where demand for new homes slumped after the oil price collapse. “We would stress that in ...

The Simi Sara Show: Metro Vancouver housing prices are forcing young people out, but not the ones you think

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With rising housing prices across Metro Vancouver, many younger people are finding themselves pushed out of the real estate market due to lower incomes. House for sale in bitcoin on Craigslist upsets Realtor House for sale in bitcoin on Craigslist upsets Realtor ... With thousands of homes for sale in Metro Vancouver one house stands out.

Victoria, Toronto luxury homes among fastest-selling

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Luxury home sales increased 44 percent in Canada in 2016 and the pace of sales in Toronto and Victoria were in the top five in the world. Housing helped drive NDP's Metro Vancouver gains It is no coincidence that the BC NDP's biggest upset wins were in Metro Vancouver and Fraser Valley communities that have seen double-digit annual house price increases over the past two years, and a shortage of rental homes, real estate analysts say ...