“Toronto builders say tougher mortgage restrictions from the federal government are eating into new home sales and gutting consumer confidence. The Building Industry and Land Development Association says greater Toronto area sales through the first 10 months of the year are 14% below the long-term average. It now looks like 2012 will be the third […]
“New borrowing rules have hit homeowners so hard that it could undermine any economic recovery in Canada, says a new study from the country’s mortgage brokers. The Canadian Association of Accredited Mortgage Professionals says since new rules went into effect in July, 2012, resale housing activity is 8% lower between August and October than a […]
“Severe tightening of mortgage rules risks downward spiral Analysts talk about “pro-cyclical lending” — a tendency of lenders to make credit more available during good times (which causes economic peaks to be even higher than they might be) and to make credit less available during periods of weakness (which makes downturns more severe than they […]
“But Warren Buffett, the Oracle of Omaha, told CNN that he does not think the U.S. will go into a recession. He also thinks president Obama is right in trying to raise $1.6-trillion in revenue: ‘We need $1.6 trillion. We need to get our revenue up to about 19 percent of GDP, and we need to get […]
Have you wondered why investing leaders like Warren Buffet are now turning to real estate? Click the link below and read about the low returns investors have historically received on bond holdings…then compare those returns with real estate… “Thoughtful investors avoid what behavioral finance experts call the “money illusion” — the tendency to think of […]
“Calgary and Edmonton are now the top cities for real estate investment, according to a new report from PwC and the Urban Land Institute, which says the two Alberta cities have displaced Toronto and Vancouver for 2013. Investors will favour apartment and office buildings next year while developers will focus on the retail market but […]
“Canadian housing starts fell in October as both single and multiple urban starts slumped, Canada Mortgage and Housing Corp said on Thursday in a report that confirms further slowing in the country’s once-booming housing market.” (Source: Financial Post, November 8, 2012). Click link to view article in its entirety: http://business.financialpost.com/2012/11/08/canadas-cooling-housing-market-expected-to-slow-economys-growth-in-2013/ We Welcome your questions and […]
“Many experts argue that the U.S. housing market has turned the corner. Some – like Wharton professor Jeremy Sigel – have argued that it’s one of the few bright spots that will drive economic growth. But is the housing recovery all that certain? The Fed’s decision to purchase $40 billion of agency MBS a month […]
“Canadian housing prices will fall 10% over the next several years and homebuilding will slow sharply in 2013, but the country’s recent property boom is not expected to end in a U.S.-style collapse, according to a Reuters poll. The survey of 20 forecasters published on Friday showed the majority believe the Canadian government has done […]
Investing in foreclosed US homes is quickly becoming a popular choice for REITs: “The next wave of real estate investment trusts south of the border is likely to be made of distressed properties bought by private-equity investors so cheaply that they can be rented out and still produce good returns despite the high management costs. […]
