46,000 wealthy immigrants invested in Toronto’s and Vancouver’s RE market even though they were supposed to settle in QC

Image credits GlobalNews.ca has published a very intersting article regarding the 46,000 wealthy immigrants that took advantage of the Quebec Immigrant Investor Program (QIIP). Read the original article here. Here is what wealthy foreigners had to do to gain citizenship: Have a net worth > $1.6 Mil Make an interest deposit of $800,000 for 5 year Here is the problem Quebec government gets the investments Other provinces (mostly Ontario and B.C., see chart below) had to shoulder most of the

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Demand for condos are going through the roof

Condo prices in Toronto are on a tear. Here are three key takeaways from The Globe and Mail’s article titles “Tale of two markets: 2017 Toronto condo demand soared while sales of new single-family homes slumped” by Janet McFarland. Builders sold only 7,700 single-family homes in 2017 (down 58% from last year which came in at 18,365 single-family homes), lowest on record since the Altus Group started keeping track more than a decade ago As single-family homes in the GTA

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US and Canadian RE is now more accessible to Chinese high-net work individuals

Today, we will look at the 3 most important points of the article title “Juwai Partners To Sell US And Canadian Real Estate To Ultra Rich Asian Investors” by Stephen Punwasi at BetterDwellings.com.  Chinese investment company Juwai, Asia’s largest overseas real estate portal is partnering with rich Asian investors to cater North American RE to them. The effects of foreign ownership have already been illustrated, but this new partnership means that foreign money will have a much bigger impact on the Canadian

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News cycles

As we all know, our shortern and shorter attention spans are allowing news agencies to highlight and hide what they want us to pay attention to and what they want us to ignore. Here are two examples that stand out in my head: Donald Trump and Michael Wolff’s book Fire and Feury. I don’t know much about politics, but if I was a politician, I would not have responded to the book the way Trump did. By talking about the book

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The secrets to creating a lasting and effective online course pt. 3

This post is the continuation of the last two. To make better use of your time, I would suggest starting with part 1 here and part 2 here. 3 key takeaways: Increasing cognitive rigour results in the highest leads to the highest gains in achieving desired learning outcomes. In other words, when you increase the difficulty of the content instead of just asking students to memorize a list of items, they are far more likely to retain that information. How can

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The secrets to creating a lasting and effective online course pt. 2

Following yesterday’s post, here, which focused on the current abysmal state of online courses, this post will focus on good practices (i.e. how to get it right). Just like yesterday’s post, today’s post is based on Dr. Carrie Rose (Amazon link) well-written book mixed in with my own thoughts and experience.  Emotions instead of just posting regurgitated material,  which is what most courses are doing today, instead, a good course should understand where your customer is at right now (i.e. how do they feel)

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The secrets to creating a lasting and effective online course pt. 1

Today’s post will focus on how you can create exceptional on courses. It is common sense to most users, but it’s easy to confuse the knowledge of these strategies with an open license to publish crap in hopes of getting rich overnight – something many online courses perpetuate. Just like any other service in today’s fast-paced global world, to come out on top, you need to add value to your customer’s lives. You need to provide stellar content, innovative teaching

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What recently released RE data doesn’t tell us

Good morning readers, I hope everyone is having a wonderful snow filled day. As I was scrolling through the RE section, I stumbled upon a very intersting article in the Globe tiled “What Toronto and Vancouver housing data do and don’t tell us” by Josh Gordon,assistant professor at the Simon Fraser University School of Public Policy. This peaked my interest as I have always been scepticle of published data on housing and jobs. Here the cliffnote’s version of the article

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Sold data for everyone!

Until late 2017, TREB has held a lot of power because it has been able to argue that Sold data (what the average Joe cannot get access to without a realtor) is a privacy issue and should not fall into the hands of the average consumer. With the court ruling in late December, read more here, TREB is slowly losing its power. Is the power being taken away from the “big boys” and being handed to the average Joe and

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Why the new stress tests will have a huge impact on Canadian RE

As brilliantly pointed by UrbanDwelling.com, many are saying that the mortgage rules will not have a significant impact on RE because most people are not borrowing up the maximum amount they are qualified for. The latest numbers shared with BetterDwelling by the Bank Of Canada (BOC) suggest that indeed there may be a significant problem. As can be seen from the figure below, there is a significant spike at 80% LTV and 95% LTV, meaning, the buyers put down 20%

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