On million dollar homes and affordability

Friday Nov 4th, 2016

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I read some bad articles on real estate. The market is crazy enough without people writing articles with no factual basis that stoke the fires of panic, so it's time I start having at them. The main problems with today's subject article are the sensational headline, and bad (or non-existent) analysis. Here is the recent CBC article I'll be discussing. Right off the bat, it tries to grab you with "This neighbourhood might just be one the last remaining affordable... [read more]

Is Toronto Canada's new housing unaffordability champion?

Thursday Dec 22nd, 2016

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Despite the headlines you'll see below. no it's not. Vancouver is — but the gap closed a little in Q3 according to a new RBC report on Housing Trends and Affordability. However, one Canadian daily newspaper looked at the same report and came up with the headline: "Toronto eclipses Vancouver as country's least affordable housing market" Then the article opened with "Toronto's screaming real estate prices have made it... [read more]

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