We have already seen hyper-inflationary price increases in many sectors; shipping, lumber, gasoline, heating fuel, and the leader of the pack, real estate. An impoverishing trend that has a huge demographic priced out of home ownership, at a time when becoming a homeowner could help to hedge any hard earned wealth they have earned. “We’re not sure what problem they are trying to solve with this,” says Victoria Real Estate Board president2 days ago By: Andrew Duffy The province’s announcement that it plans to impose a cooling-off period on home purchases took the industry by surprise and solves a “problem” that doesn’t exist, says the president of the Victoria Real Estate […] Western Investor’s annual forecast of top investor towns looks at five centres that are riding out the pandemic and look solid for investors into 2022Nov 3, 2021 12:01 PM By: Frank O’Brien PreviousNext1 / 5 Victoria: industrial strata, such as this new project by PC Urban, is perhaps the best investor play in B.C.’s capital region. | PC UrbanExpand No. […] Sales of land led a 130 per cent year-over-year increase in the value of commercial real estate transactions during the second quarter of 20212 days ago By: Frank O’Brien B.C.’s Lower Mainland saw its surging commercial real estate market continue a blistering pace in the second quarter (Q2) of 2021. There were 726 commercial real estate sales […] Canadian Bankers Association says only 0.18 per cent of Canadian homeowners are underwater, despite record-high home high prices and mortgage debt 2 days ago By: Frank O’Brien When COVID-19 led to business lockdowns and layoffs early in 2020, there was widespread concern of a looming spike in mortgage defaults. Yet, despite a record rise in Canadian mortgage debt […] Canada’s largest land owner tells you they care about the plight of the low and middle class Canadian not being able to afford a home for their family, and then turns around and spends federal & private land management proceeds for anything but actually improving the housing crisis. Their promises are just like the supply chain – broken at best. Canada’s housing agency said the country is now at high risk of a sharp correction in home valuations as the continued appreciation in prices becomes unmoored from economic fundamentals. The Canada Mortgage and Housing Corp. raised its market risk assessment to high from moderate on Tuesday, in a report showing both activity and prices remain near record […] Billionaires battle over False Creek land deal Vancouver’s Concord Pacific squares off in court against Singapore-based investor Oei Hong LeongSep 23, 2021 7:15 AM By: Chuck Chiang, Business in Vancouver The legal battle over the former Expo ’86 lands continued this month, when developer Concord Pacific Group appealed a court decision that awarded “special costs” in the […] You’ll never have to mow the lawn again with these eco-friendly alternatives to grass.2min read There’s a harsh reality to how much water is required to maintain a luscious lawn. And in many dry and arid climates, supporting a grassy front and back yard is unsustainable. If you live in a desert-like climate or are looking for […] Typical B.C. home price will top $937,000 in 2022 – and $1.2 million in Metro – as housing starts plunge 12.8 per centAug 30, 2021 9:08 AM By: Frank O’Brien Multi-family construction continues at the Oakridge Centre in Vancouver. | Chung Chow Despite election pledges from every major political party to boost new home construction, B.C. housing […] For those thinking of buying a home in B.C., the housing market could have more movement this fallAug 25, 2021 11:49 AM By: Justin Kerby, REW The market has changed since the beginning of the year, and though a frenzy of dozens of offers is unlikely, B.C. buyers and sellers can still expect to see competition from […]
All posts by Freddy Marks
Home is where the Hedge is.
Province to introduce cooling-off periods for home buying
Top western towns for real estate investors 2021-22
Lower Mainland land sales surge to nearly $600 million a month
Mortgage defaults remain very low, lenders say
Qualified Buyer ISO: Affordable Family Home
Housing-market risk jumps to high in Canada government rating
Billionaires battle over False Creek land deal
5 LOW-MAINTENANCE IDEAS FOR YARDS IN DRIER CLIMATES
Forecast: B.C. home prices soar as supply falls
7 things the fall housing market could have in store for buyers in B.C.
Well said by the Western Investor!
