Canada Get Ready For A Real Estate CRASH As Government May BAN Foreign Buyers!

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Tell me about the real estate prices in the city/country you live in. I need to continue to build a global perspective from people in those regions.

Real estate in Canada has gone from expensive to unbelievable. In 2017, Canadian real estate appreciated the most globally. Officially becoming the biggest real estate bubble of the year. Meanwhile, there are all kinds of dislocations and distortions taking place. People literally can’t afford their shelter any longer. Only those who can buy the home with outright cash will be able to get into the market. Does that sound sustainable to you?
 
Vancouver considers banning foreign buyers amid ‘perfect storm’ in housing market | Financial Post
business.financialpost.com/real-estate/vancouver-considers-banning-foreign-buyers-amid-perfect-storm-in-housing-market
What $1,500 per month in rent gets you across Canada – National | Globalnews.ca
globalnews.ca/news/3832871/rent-canada-1500/
New mortgage rules could disqualify 10% of buyers with big down payments: Bank of Canada – The Globe and Mail
www.theglobeandmail.com/report-on-business/new-mortgage-stress-tests-could-disqualify-10-of-buyers-bank-of-canada/article37109981/
Ontario household electricity prices to rise 52 per cent from 2017 to 2035 | Financial Post
business.financialpost.com/commodities/energy/ontario-household-electricity-prices-to-rise-52-per-cent-from-2017-to-2035
One last gasp for the Canadian residential market as rule changes cloud 2018 outlook | Financial Post
business.financialpost.com/personal-finance/mortgages-real-estate/one-last-gasp-for-the-canadian-residential-market-as-rule-changes-cloud-2018-outlook
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fp1026_canada_household_debt.png (641×376)
wpmedia.business.financialpost.com/2017/10/fp1026_canada_household_debt.png
 

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2 thoughts on “Canada Get Ready For A Real Estate CRASH As Government May BAN Foreign Buyers!

  1. I did not know how prolific monopolies were in Canada. Also, according to one of the linked articles, if you’re disabled in Canada and you move to another province, you have to qualify for disability all over again as the rules are different from province to province, according to one of the FB linked comments.

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