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Real Estate

Comparison: Vancouver to Toronto Detached, Townhouse & Condo Housing Prices

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Posted by Canadian Housing Price Charts

on Monday, 09 March 2015 08:12

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At the Vancouver peak in April 2012, Vancouver metro SFDs were an astounding 64% (1.6 times) more expensive than GTA comparables. But Toronto has been on a tear out of the March 2009 Pit of Gloom and the SFD price differential has shrunk to 31% (1.3x). Click on Chart for Larger Image



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Real Estate

Six steps not to miss when buying an investment property

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Posted by Oliver Limcangco - Canadian Real Estate Magazine

on Thursday, 26 February 2015 15:08

Investment propertyReal estate investor Oliver Limcangco is finally living the dream after achieving financial freedom through his property portfolio. In a regular posting, the 31-year old shares his insights into how he acquired 26 doors and manages it all while travelling abroad.
 
You’ve read the books. You’ve gone to the seminars. You’ve talked to all your family and friends about it. You have your Realtor, lawyer, accountant, handyman, and property manager ready, and you’ve prepped them well. 

Now you’re ready and raring to go – you’re going to buy your FIRST investment property. But before you pull the trigger, make sure you understand the following, and implement them in your project plan to ensure your purchase’s timely and successful completion.
 

  1. Financing pre-approval. First things first: you can’t buy a property if the bank won’t lend you money. Without financing, there’s no point in making that first phone call or viewing that first property. You will waste your time, but more importantly, you will waste your team’s time. Since most of your team works on commission, hitting this roadblock three weeks into the property search will equate to their wasted time after they’ve invested all those hours with you. Guess what happens to your phone call the next time you try to reach out to them.

....read 2 thru 6 HERE



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Real Estate

The Canadian Housing Bubble in Six Charts

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Posted by Financial Sense

on Saturday, 14 February 2015 07:18

1) Canada’s housing market is 63% overvalued relative to its historical average…

Canada-household-leverage-debt-to-income

....go HERE for all 6 Charts (larger versions)



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Real Estate

Canadian Housing Prices Take a Breather

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Posted by Brian Ripey's Canadian Housing Price Charts

on Wednesday, 11 February 2015 12:58

The chart shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal* as well as the average of Vancouver, Calgary and Toronto condo (apartment) prices (Left Axis). On the right axis is the MLS Annual Total Residential Sales across Canada; the most recent data point being a projection to year end. *Ottawa data are combined residential (Not SFD); *Montreal data are median SFD (not average) and usually not reported until 2nd week of the month.

In January 2015 the big city metros took a break under their respective highs in a year that saw the total MLS sales across Canada hit the biggest single sales year since the 2008 plunge into the March 2009 pit of gloom. 

It remains interesting to note that the combined average price of a Vancouver, Calgary & Toronto condo is currently 26% more expensive than a median priced Montreal SFD and note also that in the spring of 2006, those 3-City average condos zoomed 58% in price (over $100,000) in just 3 months as the buy side of the market freaked out over the inversion of the 10yr less the 2yr spread as it went negative (Yield Curve). 

Mattress money has gushed into condos with no respect for fundamentals or plan for contingencies that may be required if Pit of Gloom II develops and one must write off capital gains and rely on employment earnings.

Larger Chart 

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Real Estate

Why Foreign Real Estate is a Grand Slam

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Posted by Nick Giambruno

on Wednesday, 04 February 2015 09:18

Screen Shot 2015-02-04 at 7.48.27 AMA grand slam in baseball, as many of you know, is a home run that is hit when the bases are loaded, in turn scoring four runs. It is the most potent move possible in a single play.

In a similar sense, obtaining real estate in a foreign country is an international diversification grand slam – it can accomplish four key goals all at once:

1. Move Savings/Wealth Abroad

Owning foreign real estate moves your savings and wealth offshore and therefore outside of the immediate reach of your home government. Unlike an intangible financial account, it is highly unlikely for your foreign real estate to be seized at the drop of a hat by your home country, without a literal act of war.

2. Create Other Internationalization Options



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