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The Cullen Commission estimated that in 2019 alone, $5.3 Billion of illicit funds was laundered through the Vancouver real estate market, which increased housing prices by 5%. [104] "The Vancouver Model" is a way for Chinese organized crime to launder revenue generated primarily by fentanyl sales through casinos. [105]
Housing security emerged as a major concern, with 58% of respondents expressing anxiety about their ability to maintain mortgage or rent payments. [34] Young Canadians aged 18–44 were particularly impacted, with housing costs affecting major life decisions including family planning and geographic mobility.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Mortgage rates dropped again this week, spurring more potential homebuyers to submit applications as the 2024 buying season wanes. The average 30-year mortgage rate fell to 6.69%, from 6.81% a ...
But there’s a limit to how far the housing market can rebound as homeowners with ultra-low mortgage rates stay put instead of listing their homes and accepting today’s rates of 6% or more, a ...
The Regent Park apartments in Toronto's Cabbagetown neighborhood were intended to be community housing, but they have become dilapidated. The housing continuum includes non-market housing (homelessness, emergency shelters, transitional housing, supportive housing, community and social housing) and market housing (below-market rental/ownership, private rental, and home ownership).
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
There’s good news in the housing market to close out 2024: There’s a lot more supply on the housing market. But much of it is sitting unsold. NBC Universal 29 days ago