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TRENDS IN THE HOUSING MARKET — CANADA', AUSTRALIA , UK , NEW ZEALAND, DEBT TIME BOMB!

1,244 views · Published 3 July 2017 · 1:05:25 · Indexed 21 October 2026

Channel: Mike Martins · 2017 · People & Blogs

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“a million dollar for a house not a plantation not a mansion not an estate not Wayne Manor not Trump Tower a house for a medium-sized family to live with medium-size income” — Mike Martins

- Buyer walking away from a $1.6 million purchase — viewer describes a property subsequently reselling for approximately $1.41 million.
- Potential foreclosure risks if home prices fall sharply — discussing the vulnerability of highly leveraged homeowners.
 Vancouver, Victoria and Canadian affordability
- Vancouver remains Canada's least affordable major housing market, according to RBC.
- RBC Vancouver aggregate affordability measure reaches approximately 79.7%.
- Toronto affordability measure rises to approximately 72%.
- Toronto closes the affordability gap with Vancouver to its narrowest level in approximately 14 years.
- Victoria's affordability deteriorates, with the RBC aggregate measure reaching approximately 56.7%.
- Housing demand spreads into surrounding communities as buyers leave Vancouver and Toronto.
- Merritt attracting former Vancouver residents — discussing your own neighbourhood.
- Foreign investors and cash buyers — debating the difference between wealthy purchasers and ordinary mortgage-dependent Canadian families.
- Real estate money-laundering allegations — your concerns about properties being repeatedly bought and sold to move funds.
- Long-established housing bubbles in Vancouver, Sydney, Melbourne and Auckland — comparing markets where local families have been priced out for years.
 United States — Seattle and the spread of expensive housing
- Seattle home prices increase approximately 12.9% year-over-year in April 2017.
- Seattle reportedly leads major US cities for annual home-price growth for eight consecutive months.
- Portland home prices increase approximately 9.3% year-over-year.
- National US home-price growth reaches approximately 5.5%, according to the Case-Shiller figures discussed.
- Foreign-investor marketing in Seattle — your concerns about international capital entering the market.
- Million-dollar listings increase in smaller American markets, including Denver, Santa Rosa, Boulder, Fredericksburg, Santa Fe and Charleston.
- Families and skilled professionals relocating from expensive major cities into smaller communities.
- Potential displacement of teachers, doctors and tradespeople from increasingly expensive housing markets.
- California's affordability and outward migration pressures — discussing viewers who have relocated to Texas.
 Australia — Another surge in housing prices
- Australian capital-city home prices rise approximately 1.8% in June 2017, according to the CoreLogic figures discussed.
- June's increase follows a 1.1% decline in May.
- Sydney, Melbourne, Canberra and Hobart record increases exceeding 2%.
- Perth prices rise approximately 1.4%.
- Brisbane, Adelaide and Darwin record declines, according to the report.
- Concerns about Australia's growing dependence on expensive real estate.
- Foreign investment and local affordability — debating whether ordinary Australian families can continue purchasing homes.
- Australia's changing economic and housing landscape — your concerns about the future of homeownership in major cities.
 New Zealand — Cold homes and emergency accommodation
- Cold and damp rental housing affecting people's health and recovery from surgery.
- A New Zealand resident describes living in a freezing, poorly drained property.
- Cambridge family of five forced into temporary motel accommodation after eviction.
- Emergency housing grants reportedly reach $1,650 for the family discussed.
- Families struggling to find suitable permanent accommodation.
- Overcrowding and housing shortages in Auckland.
- Reports of extreme shared accommodation, including large numbers of people living in single properties.
- Auckland property marketed at $990,000 to first-home buyers — a viewer highlights the affordability problem.
 Montreal — Canada's next housing hotspot?
- Montreal-area home prices forecast to rise approximately 6% in 2017, the strongest increase since 2010.
- Forecast revised upward from an earlier prediction of 1% growth.
- Job creation and consumer confidence support housing demand.
- Foreign buyers reportedly represent approximately 1.3% of Montreal purchases in 2016.
- Montreal's median single-family home price forecast near $312,000.
- Montreal remains considerably cheaper than Toronto and Vancouver.
- Potential movement of investment toward Quebec following foreign-buyer taxes elsewhere.
- Your prediction that housing investment may spread north into Montreal and south into American cities.

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