All tagged Economy

Vancouver Market Update - August

It’s official. Both House and Condo apartment prices in Metro Vancouver dropped in July. RBC Economics says they now believe that the mortgage stress tests will have larger, longer-lasting dampening effect on home sales than we previously thought.

All levels of government have targeted a “soft landing” but will people lose interest in buying real estate if it only appreciates by 1-3% annually? Will the realization that the party is over lead investors to the exits?

Toronto Real Estate Market Update – Better or Worse?

Over the past ten years there have been many government interventions intended to cool the housing market. It appears we may have hit a tipping point. The market has stalled and is either about to provide a “soft landing” or “hard landing” delivering much needed affordability to the market. Alternatively, this could just be a breather before prices continue their upward march.