The changes pose real threats to the highly speculative pre-sale condo market.
The national slowdown was particularly unkind to the province of BC.
A massive survey of recent homebuyers reveals all.
It’s not subtle: Home sales plunge, inventory jumps, prices begin to react.
Despite persistent and false memes to the contrary.
Subprime goes to the Toronto condo market.
Trade agreements are designed to benefit companies, not people – which is part of the problem.
The “waterbed effect” of money flows.
Average price of single-family house plunges 13%, or C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on.
Canada has been taken for a ride by Kinder Morgan.