You’re likely stuck in your current home because of new tougher mortgage regulations and ever-rising prices in the Canadian real estate market, according to a new report released Monday morning.
How to invest in real estate — no matter what the housing market does” link=”http://business.financialpost.com/2014/09/05/the-key-to-real-estate-investing-its-all-local”]Location, location, location: That’s what real estate investing is really about — and here’s how to make it work for you. Read on
Benjamin Tal, deputy chief economist with Canadian Imperial Bank of Commerce, says the old narrative of graduating from school, getting a job and then married is bumping up against new economic realities.
“The value of bigger and pricier properties is rising notably faster than less expensive properties — widening the gap between starter home and dream home,” Mr. Tal writes, in an economic paper.
He says while average prices have risen about 5% on a national basis, the percentage hides…
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