Global real estate prices are on the rise, and Canada’s leading the pack according to the IMF…it’s not a good thing.
IMF: Canada Has The Most Overvalued Homes In The G7, Fourth Globally
BC Late Mortgage Payments Fall 29% In April
Vancouver’s crazy real estate market is spreading to the burbs, and sending late mortgage payments across the province even lower.
Ontario’s Late Mortgages Are Now At The Same Level Before The 1990 Crash
Last time late mortgage payments in Ontario were this low, Toronto real estate crashed. Late payments then escalated *really* fast.
Vancouver Homeowners Should Be Cheering A Crash, Not A Correction
Vancouver real estate has historically recovered much faster from crash than a correction, especially the detached market.
Vancouver Condo Prices Move Up To $135,000 Higher In A Single Month
Just when you didn’t think Vancouver real estate could get any wackier, the condo market goes completely haywire.
Foreign Buying of US Real Estate Surges Over 32%
Foreign buying of residential real estate is surging across the United States, reaching over $153 billion in sales over the past year.
Over 1 In 10 Dollars Made In Canadian Real Estate Goes To Foreign Companies
Foreign ownership of Canadian real estate has been a hot button issue, but how does foreign ownership of the industry stack up?
Canada Sees Largest Drop In Real Estate Sales Since June 2010
Real estate sales are dropping across Canada, and prices are starting to stall according to the Canadian Real Estate Association.
Toronto Condos Get An Over 50% Price Hike In Some Neighborhoods
Toronto real estate enters two distinct markets. Detached homes are soft, but condos are fetching up to 50% more in some neighborhoods.
This Week’s Top Stories: What Did Canadian Real Estate Do After The Last Rate Hike, and The Difference Between A Correction and A Crash
This week’s top stories include the impact of higher interest rates, and the difference between a correction and a crash.