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As house prices rise, Fitch warns Canada may have to act again  Fitch warns on housing Along with a new report today showing Canadian home prices still rising comes a warning from a credit rating agency that the government may have to intervene in the housing market yet again. Image Source Should Government intervene in real estate again ? Yes ?

Vancouver tops the list of most expensive Canadian cities to live in, surpassing Toronto for the second year in a row, according to an annual cost of living survey. Toronto is the 2nd most expensive city in Canada & 10th in North America for cost of living Toronto way of life 600 square feet for family … Image Source MERCER’S 2014 COST OF LIVING CITY RANKINGS — LUANDA STILL NO. 1 Luanda, Angola, remains the most expensive expatriate destination in the world, according to the latest Mercer research, which analyzes prices for more than 200 goods and services frequently purchased by expatriates. Karachi, Pakistan, is the most affordable expatriate location among the 211 we ranked. VIEW FULL CITY LIST   VIEW PRESS RELEASE Most Expensive Cities by Region Americas New York, USA São Paulo, Brazil Los Angeles, USA Asia-Pacific Hong Kong Singapore Tokyo, Japan Europe Zurich, Switzerland Geneva, Switzerland Bern, Switzerland Middle East / Africa Luanda, Angola N’Djamena, Chad Victoria, Seych

GTA luxury home sales up 34 per cent in 2014 Brutal winter has helped buoy demand for low-maintenance, high-end condos The biggest jump, surprisingly enough, was in the sale of $1 million-plus condos which skyrocketed by 53 per cent to the end of June over the same period of 2013 — gains beyond those seen in Vancouver, Calgary or Montreal. Image Source Even the GTA’s highest priced condo apartment and townhouses, those over $4 million, saw sales double, the report notes.

Local real estate boards give hint of a surging housing market Canada’s housing market is again proving to be hotter than economists expected. The latest data on sales of existing homes across the country will be released by the Canadian Real Estate Board next week. But a number of local real estate boards have made their statistics available in recent days and the picture they paint is generally one of strength, especially in the highly-populated markets of Toronto and Vancouver. And Toronto shall be the star. Toronto housing market on track to be hottest in Canada for 2014: report Toronto is on track to end 2014 as the hottest housing market in the country, with prices likely to rise 8.1 per cent. Toronto is on track to end 2014 as the hottest housing market in the country, with prices likely to rise 8.1 per cent, year over year, outpacing even Vancouver’s anticipated 7.1 per cent climb, according to Royal LePage’s House Price Survey and market forecast. Even the GTA’s much-watched c

High-end home sales booming across Canada CBC.ca Sales of houses that cost at least $1 million are booming in Canada’s four biggest cities, high-end real estate firm Sotheby’s International Realty Canada says. Sales of homes priced higher than $1 million increased in Vancouver, Calgary, Toronto and … High-end homes are still in hot demand: Sotheby’s CityNews High-priced home sales climb in Montreal after election bnn.ca Canada’s high-end home sales soar in first half of the year: Sotheby’s … The Province High-end homes are still in hot demand, says Sotheby’s Hamilton Spectator What cooling housing market? High-end homes still in hot demand CTV News Joe can’t afford the mortgage, Jane couldn’t even have what it takes to pay just the taxes. So, just who is buying ? Aliens? Why? Foreigners wanted a Canadian passport? Why not just sell them passport … $5M for one, $10M for three (family package) … and distribute $10 to each of us the poor guys in the street ? Well … How about Birth Tourism

Alberta’s Tar Sands account for 2% of Canada’s GDP. Forestry about 1%. Agriculture 8%. And Canada biggest GDP contributor? Real Estate at 15%. Meaning, the day real estate tanks, is the day Canada (economy) dies. But no worry, Canadian real estate is expect to fly … Real Estate Is Very Sexy Real estate sales in Canada jumped 5.9% sequentially in May, the largest gain in almost four years per Canadian Real Estate Association. Toronto home  sales,  prices  surge in June TThe Globe and Mail he Globe’s Real Estate Beat offers news and analysis on the Canadian housing market. Read more on The Globe’s housingpage. Toronto’s housing market chalked up a stellar June, with both sales and prices surging from a year earlier. Friday’s report… TD Bank forecasts 5 to 6 per cent rise in house prices CTV News But looking past the short- to medium-term forecasts, Petramala said the Canadian real estate market is still expected to cool when interest rates rise and the number of available homes increase.