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Foreign ownership a mystery variable in potential housing bubble: Don Pittis

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12 Nov 2015 18:00 #278505 by chairman
Foreign ownership a mystery variable in potential housing bubble: Don Pittis

[html]<img title='A woman walks past graffiti which reads, "KA-CHING" near condominium buildings behind a lot of vacant land that is boarded up in Toronto September 21, 2012. More skyscrapers -- 147 of them -- are being built in Toronto than anywhere in North America, according to Emporis, the German data provider. Picture taken September 21, 2012. ' height='259' alt='CANADA-TORONTO/BUILDING BOOM' width='460' src='i.cbc.ca/1.3314696.1447279077!/fileImage...to-building-boom.jpg' />               

The Canada Mortgage and Housing Corporation admits it remains in the dark on the details of foreign buyers on the domestic property market. Don Pittis examines the potential effect of overseas money should prices start to fall.

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Source: Foreign ownership a mystery variable in potential housing bubble: Don Pittis
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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