Announced today, CMHC will be issuing it's First "Red Warning" on the Canadian Housing Market.
...which bids the question...what colour was it before?
So what's going on? What does this mean?
The simplest answer is this, the combination of high housing prices and consumer indebtedness are
"The British are Coming! The British are Coming!!"
...and so the Paul Revere story of the Canadian Mortgage Landscape continues.
Only in our case it's, "October 17th is Coming!! October 17th is Coming!!"
But take heed my fellow Canucks...it appears there may be a break in
Federal government announces new measures to cool housing market
The Canadian Press – October 3, 2016
TORONTO — The federal government has announced measures intended to stabilize the real estate sector amid concerns
that pockets of risk have emerged in some
We stumbled across this on "The Chive"...knowing that it leads to some other questionable material...we avoided just "linking" to the blog outright.
But the post was EXCELLENT!
We just had to share it!
This guy is the model of transparency when it comes to Real Estate
When shopping for a home – we tend to shop with our eyes…we get giddy at the colour schemes in a house, the type of staircase it has, perhaps the nicely laid out kitchen, etc.
But what about those other homes – the ones that need new carpet or paint. The ones that have good
...you guessed it, they are lying too!
“A Rose by any other name would smell as sweet.”
Can a “Lie by any other name” have the same effect?
Fibs, whoppers, white lies, half-truths, etc…they are still LIES.
And while not all lies are meant to hurt
Real Estate Agents Lie - just like everyone else.
Real Estate Agents have a saying, "Buyers are Liars!"
And well...I hate to break it to you - but they are right. Buyers are liars...and so are sellers.
Everybody lies...if you haven't already read our funny little blog
LIAR LIAR PANTS ON FIRE!!
Okay...it's time to exact a little Dr. House Logic here, "EVERYOBODY LIES."
Yes, even you.
Some are little wee ones, called "White Lies" and then there are whoppers called "Real Estate Listings".
Okay - we are kidding. Relax. You
YOU GOTTA READ THIS!!
There are dozens and dozens of articles and blogs on this subject already in existence...so why in the hell would we post another one?
Simple - because you'll be able to understand ours.
Here's the low down.
Banks and other Financial Institutions (like Credit Unions)
While most Canadians are enjoying the benefit of Cheap Mortgages - the stats from a recent survey (of 2372 people between ages of 20 and 59 with a household income of no less than $50k/annually) completed by the folks at Manulife* showed that many people would be IN TROUBLE if their monthly
A Look at Some of the INCREDIBLE Things People Have Found in Their Attics, Basements, and even IN THE WALLS of their homes.
For those of you who have older homes, have you ever went lurking around your house - in the basement, attic, or even wondered what might be burried in your walls or
..."we told you so."
According to the Globe and Mail, Global TV, CTV, and of course our good friends over at the CBC - Regina's Housing Market is in for a pretty big "correction".
Side Note -"Correction" is just a nice way of saying, "a firm kick in the crotch!"-
This coming from a study