Tag Archives: housing

Where do people get the money to buy expensive houses?

High income and cheap credit Why are real estate prices so high? Isn’t the economy still recovering? Yes. Millions have lost their jobs and many are still looking for work. But recessions don’t affect everyone equally. The number of high income individuals is often underestimated. So in today’s post I’ll explain how people can afford to buy multi-million dollar… Read More »

Average house in Vancouver to cost $2.1 million by 2030

According to a Financial Post report the average price of detached homes in Toronto passed the $1 million mark for the first time last month. 🙂 The GTA has experienced a housing bull market for almost 2 decades and there is no sign of it stopping. I want to congratulate Torontonians for reaching the $1 million milestone. Welcome to the club.… Read More »

Canadian Women Driving up Condo Prices

To understand why the Canadian housing market is performing so well we have to look at where the demand is coming from. According to the Canada Mortgage and Housing Corporation, one person households are “expected to show the fastest pace of growth, making it the single biggest type of household by the 2020s.” As the population ages more senior… Read More »

Strong Canadian Housing Market 2014

The Canadian housing market continues to defy gravity! 🙂 According to CREA the average home price in May increased to $416,584, a 7.1% jump from a year ago. The number of homes sold also increased by 5.9% month over month, which is the largest gain in several years. A lot of people feel concerned that this kind of growth is unsustainable. They… Read More »