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Is the spring market dead? Sales are now following prices DOWN!

Saturday May 14th, 2022

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Canadian Real Estate Market Report Summary April 2022  The growth in house prices during March 2022 remained robust, although the rate of change has declined substantially from February. Month-over-month price gains slowed from 5.3% last month to 2.2% this month.  The apartment category is still pretty strong. Second-highest ever m-o-m change. Daniel believes this is driven by two factors - the reopening of dense urban centers and the pivot to entry-level condos that may... [read more]

As Home Prices Fall, More Buyers Are Backing Out of Deals - Daniel Foch in Storeys Publishing

Thursday May 12th, 2022

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Link to original story: https://storeys.com/buyers-backing-out-financing-falling-home-prices/    REAL ESTATE NEWS As Home Prices Fall, More Buyers Are Backing Out of Deals PUBLISHED: 11:09 AM MAY 12, 2022 In early February, a three-bedroom house in Clarington, Ontario — a city on the easternmost outskirts of the GTA that has, on a good day, an hour-long commute into downtown Toronto — sold for $1,035,000. It was on the market for just four... [read more]

Evergrandizing

Wednesday Nov 3rd, 2021

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    Evergrande Real Estate Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper and middle-income dwellers. In 2018, it became the most valuable real estate company in the world. I'd... [read more]

A $1 BILLION bet that Canadian housing will end up like Germany.

Tuesday Jun 29th, 2021

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It’s no news that Core Development recently announced they’d be purchasing $1 Billion in Canadian housing with their new fund. It was only a matter of time until this happened, as Jay Vasantharajah (@jayvasdigital) and I discussed in a podcast episode about a year ago. (Link for the curious) The industry knows about this – and therefore the majority of people in Ontario know about this, because the majority of people in Ontario are directly or indirectly employed by the... [read more]

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