Sentences with phrase «real estate speculation drive»

Not exact matches

B.C.'s new tax has driven speculation that foreign investors may now be looking to buy properties in Toronto instead, where homes sales in the Greater Toronto Area jumped 21.5 per cent in September, according to Toronto Real Estate Board data released earlier this month.

Banks now lend mainly to other financial institutions, hedge funds, corporate raiders, insurance companies and real estate, and engage in their own speculation in foreign currency, interest - rate arbitrage, and computer - driven trading programs.

The bank also warned that climbing real estate prices in the Toronto area appear to now be driven, in part, by speculation.

Few could have anticipated the rapacious development Harlem is undergoing today, as real estate investment and speculation displace longtime residents and remake the neighborhood into yet another yuppie frontier, with galleries, as is usually the case, playing their vanguard role in driving up rents.

If offshore speculation is driving up real estate values in Vancouver and Toronto to the point where our legal assistants are moving to Edmonton, our young associates are moving to the far - flung suburbs, our children can't afford to live in the neighbourhoods they grew up in, and we may not have anyone rich enough to buy our own homes when its time to sell, perhaps some thought should be given to cooling down that market.

«It's clear that rampant speculation on real estate is driving up prices in Vancouver.

However, it has not been speculation, but instead people's desire for homeownership, that has driven the real estate market.