Canadians may have just had a major shift in sentiment when it comes to tapping home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show that loans secured by real estate made an abrupt decline in December. After a slow deceleration, the number made a big leap into negative territory. The decline is […]
Canadian real estate has cooled down significantly over the past few months. Canadian Real Estate Association (CREA) numbers show national price growth fell in January. The annual pace of growth for homes across Canada is now the lowest its been since the Great Recession. The trend is largely driven by broad weakness, with all but […]
The Greater Vancouver condo rush might have just turned. Real Estate Board of Greater Vancouver (REBGV) numbers show condo apartment prices declined for the first time in years this January. The decline came as sales for the month fell to a 9 year low, and inventory climbed to a multi-year high. Greater Vancouver Condo Prices […]
Greater Toronto’s condo mania is subsiding, deflating some of the pressure on prices. Toronto Real Estate Board (TREB) numbers show the price of a typical condo made an abrupt decline in January. Even with the decline, price are still much higher than last year. The month also saw the fewest sales in years, accompanied by […]
Canadian real estate buyers are taking a break after driving most of the country’s markets to new highs. Canadian Real Estate Association (CREA) numbers show the sales to listings ratio declined across most of Canada in January. There were only three exceptions, all located east of Toronto. Sales To New Listings Ratio (SNLR) The sales […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Government Considers Move To Load Households With More Real Estate Debt The Government of Canada is considering lengthening mortgage amortizations for first-time buyers. While the move will lower monthly payments, it increases the amount of debt they can carry […]
Canadian real estate sales are off to a weak start in 2019. Canadian Real Estate Association (CREA) numbers show January was a slow one for sales. In fact, it’s the slowest January since 2015, when Canada was on the brink of recession. The decline also makes this the longest negative streak since the Great Recession. […]
Toronto real estate is super expensive, which is why there’s so much political support for first-time buyers… right? What if we told you first-time buyers might be a large part of why prices are so high? Altus Group, a massive real estate insight company, published survey results on first-time buyers. The claim that first-time buyers […]
Canadian real estate markets are still significantly cooler than we’ve gotten used to. The National Bank of Canada–Teranet House Price Index (Teranet HPI) resumed price growth deceleration in January. Prices also failed to rise on a monthly basis, for the fifth month in a row. The monthly movement (or lack of), occurred for the first-time […]
If you’re looking for detached real estate in Greater Vancouver, you can expect to find a lot more inventory. Real Estate Board of Greater Vancouver (REBGV) numbers show detached listings reached a multi-year high for January. The inventory increase accompanied a multi-year low for sales, dropping prices to a 33 month low. Greater Vancouver Detached […]
