Montreal emerges as luxury real estate ‘hot spot,’ Sotheby’s report says

Montreal emerges as luxury real estate ‘hot spot,’ Sotheby’s report says
Montreal is emerging as a luxury real estate “hot spot,” while Vancouver and Toronto sales should pick up this fall after somewhat sluggish times, according to a new report. Sotheby’s International Realty Canada’s rosy outlook comes despite a slew of policy changes, including some from Ottawa and a couple provincial governments designed to cool the country’s hot housing markets. However,... Read More

Home sales expected to drop in 2018 to lowest level in three years, says CREA

Home sales expected to drop in 2018 to lowest level in three years, says CREA
Canadian home sales are expected to drop to their lowest level in three years in 2018, driven largely by a decline in Ontario, the Canadian Real Estate Association said Friday. The association expects that 495,100 homes will be sold next year after downgrading its sales forecast for 2017 on a 9.9 per cent drop in August compared with a year... Read More

Don’t just blame speculators for soaring housing prices

Don’t just blame speculators for soaring housing prices
Falling interest rates are an often-overlooked contributor to rising home prices in Canada’s most desirable markets By Niels Veldhuis & Josef Filipowicz The Fraser Institute Despite recent measures by British Columbia and Ontario provincial governments, house prices remain high in Canada’s most desirable markets. In fact, after a brief pause during the latter half of 2016, Vancouver home prices are... Read More

The prohibitive cost of living in Metro Vancouver

The prohibitive cost of living in Metro Vancouver
The extraordinary run-up in real estate prices like the one experienced in the Lower Mainland raises the odds of a painful market correction By Jock Finlayson, Executive vice-president Business Council of British Columbia Troy Media How can people afford to live in Vancouver? That question came to mind as I struggled to catch up with the latest torrent of media... Read More

Ontario government’s focus on foreign buyers misses the point

Ontario government’s focus on foreign buyers misses the point
Focus instead on reducing the time it takes to obtain a home building permit and the per-unit costs to comply with regulations, which  amounts to almost $50,000 By Josef Filipowicz & Steve Lafleur The Fraser Institute, Troy Media Rather than targeting a small group of foreign home buyers to stop pricing escalation, the Ontario government should focus on ensuring that... Read More

Canadian Residential Markets Searching for Valuation Limits

Canadian Residential Markets Searching for Valuation Limits
By Ron Friesen Residential real estate sales in June continued to reach volume above the ten-year average in British Columbia provincial statistics but have dropped off 9.6 percent from June 2016. However, with prices continuing to rise, the dollar value of sales dropped by only 5.6 percent during the same period. “Although home sales remain well off the record pace... Read More

Concerns over household debt in Canada are overblown

Concerns over household debt in Canada are overblown
The drop in interest rates has been so significant that the interest burden of servicing debt has declined as a share of income, despite growing household debt. By Livio Di Matteo Senior Fellow, The Fraser Institute Troy Media With headlines about Canadian household debt hitting record levels and dire warnings from top policy-makers such as Bank of Canada governor Stephen... Read More

Vancouver Developers Nervous About Sustainable Future

Vancouver Developers Nervous About Sustainable Future
By Ron Friesen Valuation growth in the Vancouver residential real estate market is slowing down. Really? It depends how we take our measurements. Buyer velocity continues with lower than traditional inventory available for sale. At the same time the rate of property valuation is slowing, though not yet devaluating. Is there a limit to how much buyers are willing, or... Read More

Investors Needed to Fund Ideas for New Urban Solutions

Investors Needed to Fund Ideas for New Urban Solutions
By Ron Friesen The rate of change in urban planning, as exemplified in Vancouver, BC is naturally and understandably causing some homeowners and veteran city dwellers to feel their interests and way of life are being left behind. Single-family homes are being replaced at an accelerated rate with multi-family homes along primary transportation corridors. Increased living density delivers a great... Read More