A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement .
All in Toronto
5 Tips For Seeing Through Home Staging
Home sellers go to great pains to show their home in the best light so buyers will pay the highest possible price. This is a guide to understanding what they’ve changed, so you can imagine what the home looks like when someone isn’t trying to sell it.
Why are there Real Estate Risk Assessments?
RBC recently released their periodic Housing Health Check. It is very similar to a quarterly CMHC Housing Market Assessment, but their dashboard is more detailed in some ways. The fact that RBC, the largest Canadian mortgage lender and CMHC the largest provider of mortgage default insurance have created these early warning systems should tell you that there is real risk in the real estate market.
Millennial innovators take note - Renters are more likely to become entrepreneurs
A 2017 study in the UK has found a link between renting and entrepreneurship. If you have dreams of creating the new Facebook or Apple, you may not want to jump into home ownership. Find out why.
How Un-likely is a Canadian Financial Crisis?
Many people have come to believe that buying a home is a “no-brainer” way to make hundreds of thousands of dollars with very little risk. House values are at record highs and some economists believe the Canadian economy is at risk of a Financial Crisis. Other economists downplay the risks and believe the worry-warts are overreacting.
How likely is a Canadian Financial Crisis?
Many people have come to believe that buying a home is a “no-brainer” way to make hundreds of thousands of dollars with very little risk. House values are at record highs and the Canadian economy is at risk of a Financial Crisis, so there is more risk in real estate than people realize.
How much fuel is left in the real estate rocket?
Canadian condos have shown tremendous price growth since 2016 but it is uncertain how much price growth potential remains in condos. Some major Canadian banks have forecast the real estate market in Vancouver and Toronto will hit a tipping point by the end of 2019. As the impact of interest rate increases, government regulation, and taxes work their way through the market toward the middle of 2018 the accuracy of these forecasts will be revealed.
Tsunami of foreign capital could be headed toward Vancouver and Toronto real estate.
The recent constitutional changes in China may create uncertainty for citizens and the future prospects for their children. They also cast doubt on the future for Hong Kong’s democratic institutions. This may lead to more capital flowing into Canadian real estate.