Real Estate

Emerging Market Real Estate - Montenegro on the Adriatic Coastline

Share on Facebook Tweet on Twitter

Posted by Tiho Brkan via Jordan Roy-Byrne

on Tuesday, 14 November 2017 04:33

Screen Shot 2017-11-14 at 4.48.14 AMTiho travels the world for investment and real estate opportunities while managing money for high net worth investors. He is simply the best trader and investor I've ever met. He covers the Emerging Market Real Estate in Montenegro, a low tax (9%) jurisdiction on the Adriatic coastline:

Jordan: Hello again everyone. Welcome back to episode two of The Atlas Investor podcast with Tiho Brkan. Thank you so much for joining us today. Tiho, my friend. Are you ready for episode two?

Tiho Brkan: I sure am.

Jordan: So Tiho, you are in Montenegro today. Tell us what city you are in and what else we’ll be discussing in episode two.

Tiho Brkan: Well hello to all the listeners. Yes, I’m in a beautiful little country of Montenegro on the Adriatic coastline, adjacent to a neighboring Croatia, Bosnia, Serbia, Albania, and also, across the waterways, Italy. We’ll be discussing a lot about Montenegro real estate and then we’ll get into what I think it will be a very interesting discussion between me and you Jordan, which is foreign stocks, in particular, emerging market stocks.

....continue reading HERE

or listen below: 


Real Estate

When Canadian Homeowners Walk Away From Negative Equity, Taxpayers at Risk

Share on Facebook Tweet on Twitter

Posted by Danielle Park

on Friday, 10 November 2017 07:48

As Canadian household debt hit an all-time high in 2017 (see chart), a new study by TD Bank finds that 97% of Canadian homebuyers say they wish they’d factored in their other financial obligations when determining the mortgage they could afford. (Too bad their mortgage broker/architect/advisor was not required to factor these ‘obligations’ into their loan approval consideration either.) We are not talking about extraordinary, unexpected expenses here: 54% of those surveyed wish they’d considered property taxes and maintenance costs, and a third cite overall lifestyle expenses.


Lenders have been encouraged to be more lax in their approval process, because Canadian taxpayers are backstopping some 55% of Canada’s $1.6 trillion residential mortgage loans –$496 billion through CMHC, plus 90% of the $400 billion+ underwritten by Genworth MI, plus an undisclosed exposure through Canada Guarantee co-owned with the Ontario Teachers’ Pension.

Presently Canadian mortgage defaults are near cycle lows: less than .5% of residential mortgages held by the largest lenders are today considered delinquent (behind on monthly payments). But as acknowledged in the CMHC Q2 financial report:

The most important vulnerability is Canada’s high level of household debt, which could amplify the impact of an economics shock if indebted households begin to deleverage or struggle to repay their debt balances…



Real Estate

Vancouver Real Estate Takes Off - Toronto's Grounded

Share on Facebook Tweet on Twitter

Posted by Brian Ripley - Canadian Housing Price Charts

on Thursday, 09 November 2017 06:41

chart-compare-vancouver-toronto 12 orig


At the old Vancouver price peak in April 2012 before Torontonians joined the party, Vancouver metro SFDs were 64% more expensive than Toronto comparables. In July 2016 at the peak of Vancouver SFD prices, they were 65% more expensive. 
The gap was closing quickly; it narrowed down to 33% in June 2017 but with the sudden late summer zeal to buy in Vancouver and sell in Toronto, the gap remains wide at 60%. Strata prices are also more expensive in Vancouver; 27% more for town-houses and 23% more for condos.

In March 2017 the Monthly Absorption Rate based on total inventory and total residential sales hit 154% in Toronto vs Vancouver at 47%. Vancouver may have led the FOMO crowd up the ladder, but Toronto is sending them down the snake.

​Here is another attempt to visualize the distortions of the market where the fundamental requirement of a yield to attract sustainable investment in real estate has been replaced with the lure of capital gains. 



Real Estate

New Mortgage Regs Could Lower Borrowing Power

Share on Facebook Tweet on Twitter

Posted by Kyle Green

on Monday, 06 November 2017 12:56

jangaWell, we knew this was coming. Somewhat. After a lot of deliberation over the spring and summer, the Office of the Superintendant of Financial Institutions has come out with new regulations that will make it harder to qualify for mortgages once again. There are a few changes, most which are minor, but one major change that will impact about a large number of borrowers in Canada. These changes will be coming into effect Jan 1, 2018.

  1. For conventional mortgages (20% or more down payment or equity) the qualification rate for all terms is now either the Mortgage Qualifying Rate (MQR, currently 4.99%) or 2% higher than the rate, whichever is higher.
  2. Lenders are to enhance their Loan-to-Value ratios (the percentage of the home value you can obtain financing for) so they are reflective of the local housing market. For example, smaller communities may find they have more limited options as these are considered higher risk.
  3. Lenders will be restricted from offering combination mortgages (1st and 2nd combinations) to circumvent guidelines. Some lenders for instance would offer a 1st mortgage to 75% or 80% and a 2nd to 85% which allows them to qualify the 1st mortgage using their own looser guidelines instead of tighter insurer guidelines.

How do these rules affect you?

The most important of these is of course the reduction in borrowing power with 20%+ down. With the new rules, buyers will find their borrowing power stripped by about 20%. In Vancouver, where home values often exceed $1mil, this could reduce borrowing power by $200,000 or more! Although there has yet to be official word on whether contracts written prior to Jan 1, 2018 will be grandathered under the old rules, we expect they will follow previous protocol and those with existing contracts will still be able to qualify under the old rules.

Also, interestingly, Credit Unions are provincially regulated and are not affected by these changes. We have been doing a lot of business with Credit Unions since 2012, when the mortgage changes really started coming fast and furious. As of right now, the Credit Unions will still be able to qualify you after Jan 1st under current guidelines. But it is important to note that once the Credit Unions get flooded with a ton of business that the banks can’t do anymore, they are likely to scale things back to  balance their books like they have in the past. They may do this by either changing/reducing policy or by surcharging certain products (like 35 year amortizations for instance).

What do you need to do NOW?

  1. If you have a pre-sale that completes later than Dec 31,2017, we NEED TO TALK! We want to make sure you are grandfathered as you may not be if you do not have an application in before the new rules come into effect. We may also be able to secure a long term rate hold for you.
  2. If you need to access your home equity for any reason in the next few years, you should consider refinancing now. You may want cash for a number of reasons:
  3. Renovations
  4. Access to capital for future investing in real estate or other investments
  5. Early inheritance for your children to purchase their own residence
  6. Self employed borrowers looking to increase liquidity
  7. If your renewal is coming up soon
  8. If you are planning on purchasing something soon with 20%+ down. You should get pre-approved now and start shopping unless you have a lot of breathing room between what you qualify for and what you plan on buying.


Well, the government is at it again. But what they are trying to do is slow the housing marketing without having to use interest rates as a tool, as raising rates would negatively impact many other things, particularly commodity exports.

The key to remember here is that although it is making it harder to OBTAIN the asset, these rules are being put in place to PROTECT your asset value from a meltdown like what happened down in the US. The more qualified buyers are, the lower the chances of a real estate crash.

Call us today to learn more about how these rules affect you and create a plan of action. Time is low, so it’s important you take action today. 604-229-5515, Kyle@GreenMortgageTeam.ca.


Real Estate

Census data sheds light on rental supply

Share on Facebook Tweet on Twitter

Posted by Canadian Real Estate Wealth

on Friday, 27 October 2017 06:24

iStock-639109564-people-walking-census-cityThis week’s census data revealed Canadians’ changing living habits – and the trickle-down effect that’s affecting the rental market and its existing stock in Toronto.

Only 50.2% of Millenials own their own homes, compared with 56% of boomers who owned when they were that age, according to the Census. However, Phil Soper, president and CEO of Royal LePage referred CREW to a summer study the organization commissioned on peak Millenials (aged 25 to 30) that found 87% believed homeownership was a positive thing and intended to someday own a home, and in which 69% said they intended to buy a home within five years.

“If you compare that to Stats Can data, it shows people are leaving their parents’ homes later, staying in school later, and essentially growing up at a slower rate than their parents, which makes perfect sense,” said Soper. “With technology and increasing lifespans, the old standard of when we got married and left the house got stretched, so it makes perfect sense to me.”



<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 8 of 44

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...

Our Premium Service:
The Inside Edge on Making Money

Latest Update

Looking for the Bounce

On Monday from the morning high to the afternoon low the DJIA dropped over 900 points, then bounced over 300 points to “only” close down...

- posted by Martin Straith, Trend Technical Trader

Michael Campbell
Tyler Bollhorn Eric Coffin Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine