‘The housing bubble has burst’: Economist warns market imbalances are threat to economy in long run

Housing helped keep the economy humming in 2016 while oil prices lagged, but an economist warns a long-term dependence on real estate is a crisis in the making

Source: ‘The housing bubble has burst’: Economist warns market imbalances are threat to economy in long run

Canadian home prices rise less than expected as Toronto, Vancouver hit pause – Article – BNN

The 0.1 per cent gain was short of analysts’ expectations for an increase of 0.2 per cent. National prices have risen steadily on a month-over-month basis for nearly two years. The index excludes apartments and condominiums, which account for about one-third of new housing.

Source: Canadian home prices rise less than expected as Toronto, Vancouver hit pause – Article – BNN

​‘Problems finding a home’: Toronto home prices surge 21.8% in January as supply halved – Article – BNN

The Toronto Real Estate Board says red-hot property sales in Canada’s largest city picked up in January where 2016 left off, with transactions up 11.8 per cent year-over-year despite a double-digit drop in new listings.

Source: ​‘Problems finding a home’: Toronto home prices surge 21.8% in January as supply halved – Article – BNN

Toronto real estate too expensive, buy 20 billion Timbits instead – Article – BNN

The Toronto Real Estate Board reports that 5,800 homes were sold in the GTA in January at an average price of $770,745. That works out to more than $3.9 billion in total housing sales for Canada’s largest city. To put that in perspective BNN looked at what you could buy for that money.

Source: Toronto real estate too expensive, buy 20 billion Timbits instead – Article – BNN

Bank of Canada says rising house prices, household debt ‘worrisome’ – Article – BNN

Rising house prices and consumer indebtedness, particularly among already indebted Canadians, is a worry because the economic picture could change without warning, Bank of Canada’s Deputy Governor Sylvain Leduc said on Monday.

Source: Bank of Canada says rising house prices, household debt ‘worrisome’ – Article – BNN

B.C.’s Christy Clark says no foreign buyers tax for people with work permit – Article – BNN

British Columbia’s premier has announced her government is amending its tax on foreigners buying property in Metro Vancouver.

Source: B.C.’s Christy Clark says no foreign buyers tax for people with work permit – Article – BNN

Pattie Lovett-Reid: Willing to tell a white lie for a mortgage? You’re not alone – Article – BNN

Are you willing to stretch the financial facts just a little to qualify for a mortgage you might not otherwise qualify for? If the answer is yes, you aren’t alone.

Source: Pattie Lovett-Reid: Willing to tell a white lie for a mortgage? You’re not alone – Article – BNN