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Trump Advisor Sees Opportunity in Canadian Market

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Posted by Canadian Real Estate Wealth

on Thursday, 28 May 2015 04:05

imagesCanadian real estate hasn’t reached its full potential, according to one real estate mogul’s advisor.

“Canada is a vibrant economy and some people ought to step in and take advantage of it” said George Ross, executive vice president and senior counsel to the Trump Organization. “I think it’s under-utilized – not over-utilized.”

Ross has been advising Trump since the 1970s and has worked for Trump since 1996. He is also featured in “The Apprentice.”

According to Ross, investors should play the long-game when it comes to Canadian real estate. “I don’t think the buy-sell or the short sale is the answer,” Ross told BNN.

“[Real estate investors] are attracted because of the money, but they don’t talk about how long it takes to get the money and they don’t take about the fact you could be in there and not recover what you invested.”

It’s an interesting stance, considering CMHC’s recently released data is calling for fairly stagnant growth in terms of starts and prices over the next two years.

Housing starts are expected to decline by 4.1 per cent – and range between 166,540 and 188,580 units -- in 2015. Prices, meanwhile, are expected to increase by 3.4 per cent, according to the Crown Corporation’s most recent housing forecast.

As for the near future, housing starts are expected to range between 162,840 and 190,830 in 2016.

The average price is expected to fall between $402,139 and $439,586 this year and between $398,191 and $457,200 in 2016.

“The gradual slowdown in the rate of price growth is explained by the expected change in the composition of MLS sales toward more moderately priced homes,” the Crown Corporation said in its official release.
 

 

Investment Hot Spots:
LansdownePerthLotbinièreBell IslandGarlands Crossing



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Real Estate

Real Estate: Top Neighbourhoods in Canada

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Posted by Canadian Real Estate Wealth

on Wednesday, 20 May 2015 12:26

Screen Shot 2015-05-20 at 12.24.21 PM

Looking to find out more about a Canadian neighbourhoods to invest in? Below are the Top 10 neighbourhoods in Alberta. With a median listing price of $5,868,240, Lacombe County is Canada’s 1st most expensive when ordered by median listing price. For all Albertan neighbourhoods go HERE (click on City or neighbourhood for all details)

NeighbourhoodsMedian price(H)Monthly growth(H)Median price(A)Monthly growth(A)
Lacombe County    $5,868,240          0.00 %     $698,500         0.00 %
De Winton    $1,399,000        11.92 %
Conrich    $1,269,000          0.00 %
Heritage Woods    $1,250,000 -        1.76 %     $927,132         0.00 %
Bighorn No. 8, Municipal District of    $1,174,950        46.88 %
Kananaskis Improvement District    $1,069,500         -4.46 %
Foothills    $1,049,000         -8.78 %
Banff    $1,024,500         28.22 %     $351,500      -16.30 %
Priddis       $999,900         -9.09 %     $561,500        -6.18 %
Cranford       $987,475

 

For the Top 10 Neighbourhoods, indeed virtually every single neighbourhood in every province and territory in Canada start HERE

 

 



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Real Estate

All- Time Highs: CDN Real Estate Resumes Its Zoom Higher

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Posted by Brian Ripley's Canadian Housing Price Charts

on Wednesday, 13 May 2015 04:19

In April 2015 Canada's big city metro SFD prices all caught a bid with Toronto prices breaking out again to the upside for a new record peak. It's all about the land that real estate sits on; big money is willing to pay a premium for sitting on it.

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Larger Chart

The chart above below the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada.

Price gains were accomplished on a push higher in sales volume of the Canadian national MLS residential



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Real Estate

Canada has the Most Overvalued Housing Market in World

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Posted by VisualCapitalist Chart of the Week

on Thursday, 07 May 2015 06:20

canada-housing-bubble

In every inflating bubble, there’s usually two camps. The first group points out various metrics suggesting something is inherently unsustainable, while the second reiterates that this time, it is different.

After all, if everyone always agreed on these things, then no one would do the buying to perpetuate the bubble’s expansion. The Canadian housing bubble has been no exception to this, and the war of words is starting to heat up.

On one side of the ring, we have The Economist, that came out last week saying Canada has the most overvalued housing market in the world. After crunching the data in housing markets in 26 nations, The



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Real Estate

The Canadian Real Estate PLUNGE-O-METER

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Posted by Brian Ripley's Canadian Housing Price Charts

on Thursday, 07 May 2015 06:02

4281678

 
The Plunge-O-Meter tracks the dollar and percentage losses from the peak and projects when prices might find support. On the price chart in the spring of 2005 there was a 4-6 month plateau period while buyers and sellers twitched like a herd. When the credit spreads narrowed and the yield curve began its journey towards inversion, the commodity stampede began.
 
The Price Support target represents prices at March 2005; the start of a 40 month period of ardent speculation in all commodities; then a full blown crash into the pit of gloom (March 2009); and then another 39 month rocket ship to the moon but then the crowd suddenly thinned out in April 2012. The revival of spirits erupted in 2013 as global money went short cash and long real estate on an inflation bet (see Whale Watching). Now we have a major divergence with Vancouver and Toronto going against the trend.
 
...see the price trends of  6 Canadian Cities with more than a milion HERE


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