There is no Canadian Housing Bubble!

[Aman A.K.A. Ahamburger]

and the justifications begin: Welcome to the era of flat home prices. Of course prices are not flat - as outlined in the article - and the biggest story for all of North American housing; which isn't getting the press it deserves is: They turned a blind eye to it,' says Eby on release of damning German report into money laundering at B.C. casinos.. AkA; Canadians and Americans can't afford homes in costal markets because criminal organizations have laundered money through casinos in B.C..

[Aman A.K.A. Ahamburger]

it's funny how when the exact thing was happening in other markets it wasn't much of a thing; now...

Vancouver Real Estate Is Starting To Look Like A Disaster

There's no papering over the latest bad news from the region's real estate board: Sales in August were down 36.6 per cent from the same month a year earlier, the region's real estate board reported Wednesday, and prices are now falling in all housing categories.....

....Realtor Ian Watt used independent figures from data-mining company SnapStats to determine that detached homes on Vancouver's pricey west side have fallen by 26 per cent in the past year, to a median of $2.8 million, from $3.8 million a year ago.

In West Vancouver, detached house prices are down 30 per cent over the past year, to $2.5 million from a median of $3.6 million.

[Aman A.K.A. Ahamburger]

Capping off the year that has seen the bottom fall out for the two largest housing markets in Canada: Bank of Montreal (TSX:BMO) Just Declared a Housing Bubble

[Aman A.K.A. Ahamburger]

Numbers are in for 2018 which seen Vancouver, Toronto and Calgary all at multi decade lows. The big one, however, is how the price declines were no longer masked by getting more for less. Canadian home prices fall for third month in a row, even in Vancouver.

So, NOW the advice like; Why first-time home buyers should take their time and not rush into the market in 2019 is starting to pour in, while; A Top-Performing Hedge Fund Is Shorting Canada Banks on Housing.

With all this bad news, what a great time for hemp!!!!

[Aman A.K.A. Ahamburger]

Canadian Housing Slump Deepens With First Drop in Values in Decades

Canadian home values fell last year for the first time in three decades amid falling prices in some of the country’s priciest markets, even as debt burdens increased.

The value of residential real estate in Canada held by households dropped C$30 billion ($22.5 billion) in the fourth quarter to C$5.10 trillion, from C$5.13 trillion in the same quarter the previous year, Statistics Canada reported Thursday. The 0.6 percent decline is the first decrease in country-wide home values in data going back to 1990.

[Aman A.K.A. Ahamburger]

Fraud from foreign buyers made it so Canadians can't afford homes. And they wonder why the military is being called in for this weekends Yellow Vests...

-Housing Is a Magnet for Money Launderers in Toronto: Study
-B.C.'s non-resident-owned property worth more than resident-owned: Statscan
-Previous data unstated amount of non resident buyers in Vancouver

[Aman A.K.A. Ahamburger]

Toronto is next on the block for this, more than likely. Foreign ownership main culprit for unaffordable housing in Vancouver, a top destination for Chinese funds, ‘unimpeachable’ study says.

Although, something could be said about over playing a hand. Nothing like saying blanket rules then to protect our biggest markets from making it so locals can't afford homes... Wife of Chinese multimillionaire sues Vancouver over Empty Home tax

The interesting twist there is, if they sue over the tax, the next step is almost Castro like? All foreign owners of homes in Vancouver must sell their property or live in it 9 months of the year?