Toronto’s detached real estate is seeing prices drop for a 7th month in a row, as sales continue to decline, and inventory soars.
Canadian real estate had a roller coaster of a year in 2017. Here’s which markets did better (and which ones did worse), than the year before.
Canadian real estate sales soared to a record high, as FOMO drives buyers to “squeeze” in before mortgage stress testing becomes mandatory.
Montreal and Toronto real estate prices decline, but Vancouver rises so much it brings the whole Teranet index into positive territory.
Over 81,000 Canadian real estate buyers would have failed stress testing, and Canada’s most expensive cities are low on density, high on prices.
Canadian real estate buyers, already hammered by the new OSFI mortgage stress test, are going to see their borrowing power reduced even further as rates climb.
Canadian real estate prices have been climbing, in cities with perceived housing shortages. The belief that there isn’t enough land to accomodate more people, shot prices higher in Toronto and Vancouver. This week, the Fraser Institute poured some cold water on that narrative, showing that Canadian cities have a long way to go in terms […]
Despite having some of the most expensive real estate in the world, Canadian cities rank low on density. Unfortunately, they also rank pretty low for economic output.
Canadian real estate would have seen over 81,000 mortgages not qualify if low-ratio stress testing went live last year, here’s what that could mean.
Toronto real estate saw prices decline for a seventh consecutive month, as sales continued to slide and inventory climbs.