Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month. Sales in April, 2019 were the lowest in 24 years for a month that typically kicks […]
household debt
Canada housing market has become riskier, IMF has warned
Canada’s housing market has become riskier over the past two years, with risk levels similar to those seen during the financial crisis a decade ago, the International Monetary Fund (IMF) said in a report released this week. But there is good news: The measures Canadian policymakers have taken over the past several years […]
Vancouver homeowners become Canada’s first ‘city of millionaires,’ study notes
In toronto real estate, a strong housing market is making Canadians wealthier, on paper, as the value of their homes outstrips a rising amount of debt. In toronto personal finance, household debt across the country grew by 4.1 per cent last year to an average of $133,170 while average household net worth increased slightly […]
