All in Vancouver
There is a lot of uncertainty in Canadian real estate markets these days. You could try to time the market, but nobody knows the best time to buy. So if you are looking for a place to call your own then take advantage of these tips to reduce your risk.
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 bad is the supply shortage? Is the market really down? Where is it likely headed? Answer these questions and more.
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.
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.
Royal Bank and the Canadian Real Estate Association (CREA) have issued house price predictions conflict with each other. CREA anticipates 2018 will see a bigger drop than they had predicted in their December 2017 forecast, while RBC raised its forecast by 0.5% for 2018 but expects the tide will turn in 2019.
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.
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.
