Debacle. Moral hazard. Outspoken U.S. short-seller Marc Cohodes uses frightening words to describe his outlook for Vancouver real estate in 2016. Since The Province’s story in June featuring Cohodes — a prominent investor who bets on the collapse of speculative bubbles — the stock price of the Canadian subprime lender he is targeting has been
The average price of a Canadian home was $456,186 in November, a 10.2 per cent increase compared to the same month a year earlier. The Canadian Real Estate Association also noted Tuesday that stripping out the expensive and large markets of Toronto and Vancouver, the average price would have been $338,969 — a 3.4 per cent gain compared to November
From @CBCNews Bill Morneau tightens mortgage rules on homes over $500K Liberal election platform expressed concern over ‘escalating home prices in high-priced markets’” The federal government is boosting the minimum down payment for higher-priced homes in Canada effective in the new year. Homebuyers are currently required to put down a minimum of five per cent to qualify for
