Canadian Real Estate: Hate It Or Love It

So said Motley Fool, which is not a fool, not even remotely close … It is an intelligent investment portal in disguise: –

Canadian Real Estate Is Getting Irrational

The Motley Fool Canada – Jul 14, 2016
The Economist recently reported that Canada’s housing prices are 35% overvalued when compared to Canadian incomes.
Canadian real estate prices to see largest annual increase this century, forecast says 
Vancouver real estate ‘sensitive to an adverse shock’: Bank of Canada 
Canadian real estate giant warns against house-flipping in red-hot markets 

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Huffpost warns us better get the hell out of real estate … right now!

Get Out Of Vancouver Real Estate, Now

Huffington Post Canada – Jul 14, 2016
And beyond that, look at these toppling numbers for the various regions tracked by the local real estate board: Burnaby -30 per cent, New West …

 

Because things are getting out of hand … Here is one example, the business is full of crooks …

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‘It was all a sham’: Director of Surrey real estate company committed …

The Province–10 hours ago
A Metro Vancouver man who purported to operate a “rent-to-own” real estate company that helped people purchase homes actually committed fraud …
Meanwhile, the market remains very rosy …

Stratford building permits up 63 per cent in first half of 2016

The Guardian Charlottetown – Jul 14, 2016
Councillors heard during Wednesday’s monthly meeting that building permits are up a staggering amount when compared to last year.

 

Home Sales Are High—but if Not for Low Inventory, They’d Be Even Higher

Realtor.com News – Jul 14, 2016
Then the next biggest issue for sellers is making necessary improvements in order to sell. With remodeling and home improvement booming, potential sellers are running into challenges getting their own improvement projects completed—possibly because of …

See, things are back in action everywhere else … Resurrection, that’s it.

Canadian housing markets not named Vancouver or Toronto are showing signs of life

Financial Post – Jul 14, 2016
Most of the country’s housing marketsheated up in June, according to new data that shows Toronto and Vancouver continue to heavily influence the national average, but aren’t alone in making gains.
Red-hot housing markets worry Bank of Canada 
Bank of Canada seen dovish, warning on debt and growth 

Seriously, with the market so insanely red hot,

Should you give up on your dream of owning a home?

CBC.ca – ‎Jul 12, 2016‎
Housing prices in Canada have jumped over the past decade, pushing the dream of home ownership farther away for some people.


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