“I think if you look at Vancouver, we’ve already seen the bubble burst there,” Sun Life Global Investments Chief Investment Officer Sadiq Adatia told BNN. As for Toronto: "Eventually we are going to see this market kind of stop and then come off a cliff."
When it comes to your mortgage, don't forget to consider the term
You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is the term.
Live like Buffett: Legendary investor lists Laguna Beach property for US$11 million
The Oracle of Omaha is listing his Laguna Beach property for US$11 million.
Toronto's Tory rejects BMO’s bubble claim; calls housing market ‘healthy’
“Reports will come out from economists ... none of those people, to a person, has as yet told me there is any kind of panic driven or panic-inducing situation,” John Tory told reporters on Thursday.
RioCan REIT CEO sees glimmers of growth in Alberta market
Ed Sonshine, CEO of RioCan REIT, joins BNN's Greg Bonnell for a look at Q4 results and at his path to re-igniting sustained organic growth.
Fitch warns Canada’s housing markets are 'unsustainable'
The outlook for Canada’s housing market is “unsustainable,” and in the same category as Greece and Singapore, according to a new report from Fitch Ratings.
“Let’s drop the pretence. The Toronto housing market — and the many cities surrounding it — are in a housing bubble,” BMO Chief Economist Doug Porter wrote in a note to clients Tuesday.
Banks pulling back on Toronto construction loans: Chief planner
"I’m hearing from developers that it’s hard to get a construction loan. [Banks] don’t want to be throwing good money after bad, so you’re actually seeing banks pulling back and constraining the supply,” Toronto’s Chief Planner Jennifer Keesmaat told BNN.
B.C. housing market returning to 'historic averages': Real Estate Association
The association says 4,487 condos, townhomes and detached homes sold in B.C. in January, down 23 per cent compared with the same period last year. The total sales value also dropped 36.5 per cent over the same period to $2.79 billion, while the average home price was off 17.5 per cent to $621,093.