Canada, Belgium, Sweden – What do they have in common? The Economist has just updated their interactive tool tracking property values on a global scale. The update includes fresh data from the 3rd quarter of 2011. One can visually see …
Tag Archive for US housing market
Bidding wars: Makes no sense…
by Vasko DeLev • • 0 Comments
$1,900.000 . . . $2,600,000 . . . asking only $3,500,000 There are certain things that just don’t make sense. As Adam Button reports, a 3700 sq ft home in Vancouver was listed in April this year for $1.9 million,…
US housing market: Is it an indication of what is to come to Canada?
by Vasko DeLev • • 0 Comments
Home prices up, but still in the red for the year We always look to the States and try to predict what may be coming to Canada. From housing point of view the recent devastation of real estate markets in…
Who is buying in Florida?
by Vasko DeLev • • 0 Comments
Canadians, of course. The sun, the depressed real estate market and the high Canadian dollar are just too important arguments to ignore. If one has to follow the rule “buy when the time is right”, will hardly find a better…
Americans prefer long term mortgages
by Vasko DeLev • • 0 Comments
But things are starting to change We are very different from our neighbors south of the border. At least when it comes to mortgage preferences. Canadians would rarely think of signing on a mortgage with longer than 5-year term. Of…
How bad is the US housing situation?
by Vasko DeLev • • 1 Comment
Very bad. The number of forclosures in some areas is so big, that the bank can’t handle it. Bank of America – one of the most affected from the housing slump – issued a statement saying: Unfortunately, many homeowners faced…
No new mortgage rules
by Vasko DeLev • • 0 Comments
Minister Flaherty promises to not change the mortgage rules for now He made the announcement yesterday in Toronto. Despite the red hot housing prices and mountain of debt on the shoulders of Canadians, Jim Flaherty is not worrying too much.…
Housing: No sign of relief in the US
by Vasko DeLev • • 0 Comments
Canadians are in a love affair with real estate and so far quite happy with the relationship. For the Americans, however, it’s a completely different world. In many cities housing values has dropped to the level of 2003. During that…