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housing market: The Effects of the Cooling Canadian Housing Market in 2017
- 10/07/16 02:47 AM
This year has been a wild ride for Canadian home buyers and sellers. Surging prices, overvalued properties and a short supply is being blamed on foreign investors, which have enjoyed great returns since the country began to bounce back from the recession.
However, there is concern from the federal government that they are pricing out locals. This is most pressing in the Vancouver market, the second hottest in the country, but new taxes introduced by the B.C. Liberal party meant to even the playing field for locals, at the same time, devaluing the real estate investments of Vancouverites. The Vancouver market is … (0 comments)
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housing market: The Effects of Zika on Florida's Economy and Real Estate
- 10/07/16 02:37 AM
No word sends a shiver down the spine of a Floridian than ‘Zika.’ A Mosquito-borne illness that causes brain damage in newborns and dengue flu-like symptoms in adults. Florida’s economy relies heavily on tourists’ and investors' dollars, but they have been shying away from South Florida, which is causing a collective headache for business owners. The warm weather is what attracts tourists, but also the mosquitoes that have migrated from Latin America that are carrying the Zika virus. Florida Governor Rick Scott says there is ongoing efforts to reduce the spread, however the damage has already been done to the economy by … (0 comments)
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This year has been a wild ride for Canadian home buyers and sellers. Surging prices, overvalued properties and a short supply is being blamed on foreign investors, which have enjoyed great returns since the country began to bounce back from the recession.
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