B.C.’s new subsidy for homebuyers is pure politics and bad policy
By offering interest-free loans, B.C. is encouraging residents to take on bigger risks, with all the benefits going to existing homeowners and developers
Real Estate
B.C.’s free loans to homebuyers won’t buy much in Vancouver
B.C.’s plan to give new homebuyers interest-free loans is a terrible idea that will only worsen Vancouver’s housing bubble
Regulators put syndicated mortgages in their crosshairs
Regulators appear to finally be cracking down on a popular real-estate investment called a syndicated mortgage that promises big returns and low risks
Hands off my housing bubble!
Canada’s housing bubble is the economy’s biggest risk—and its biggest driver. Now governments want to cool it down.
Lawsuit targets Ontario’s $4-billion syndicated mortgage industry
Fortress, the largest company in the syndicated mortgage industry, and the Financial Services Commission of Ontario are named in a proposed class-action suit.
After new tax, buyers from China cool to luxury Vancouver homes
Interest from China in Vancouver real estate listings worth more than $1 million is down sharply, but local buyers shouldn’t get too excited.
How do young people afford a house? They find roommates.
When house prices are out of reach, some buyers will go to extreme lengths to get into the market
Is owning a home the best job in town?
The gains from soaring house prices in Toronto and Vancouver are dwarfing paycheques from even the best-paying jobs in those cities
Canada’s not-so-great expectations about house prices
Why the Bank of Canada is so worried about the unrealistic expectations driving house prices in Toronto and Vancouver
A housing market that’s too hot to handle
Those who once dismissed talk of Canada’s overheated housing market are now worried about a bubble