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Time for your cheat sheet on this week’s most important stories. Most Canadian Real Estate Gains Will Be Wiped Out Starting This Year: Oxford Econ Canadian real estate prices have increased 50% since 2020, but a lot of those gains are about to reverse. Oxford Economics reiterated its call for a 24% price drop, seeing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Has A Money Laundering and Fraud Problem: Intelligence Report Canadian real estate is an excellent tool for money laundering, according to CISC. The Canadian intelligence agency published a report on how organized crime launders. They found organized crime engaged […]
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Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Rates May Climb Up To 7% By Next Year: Desjardins Canadians were hit with the highest inflation in 30 years and mortgages aren’t far behind. A major financial institution sees the 5-year fixed rate mortgage hitting up to 7% […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Markets Are Up To 108% Overvalued: Moody’s Canadian real estate is seriously overpriced — with cities up to 108% overvalued. Moody’s Analytics estimates urban cities are 22.9% overvalued as of Q4 2021. Toronto (43.6%) and Vancouver (22.3%) also […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Oldest Bank Begs, “Could we PLEASE Stop With This Supply Myth?” One of Canada’s most prominent economists is getting tired of the false supply narrative. BMO chief economist Douglas Porter explained the supply narrative is vastly overstated. In an analysis […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Housing Agency Abruptly Halted Its Public Real Estate Warning System Canada’s national housing agency abruptly ended its warning system for housing. For nearly a decade, the agency warned home buyers when their local market became risky. In the September 2021 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Is About To Experience A “Full-Scale Attack,” Warns Big Six Bank Canada’s oldest bank warned investors of a “full-scale attack” on real estate this week. Climbing mortgage interest costs are just the start. Foreign buyer taxes, vacancy taxes, and […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Prices Better Dwelling’s Opening Statement Before Canadian Parliament’s Standing Committee On Finance The Canadian Parliament’s finance committee invited us to participate in their inflation investigation. We’re not snitches usually, but we took them up on the opportunity to explain the role of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics Oxford Economics just warned clients that home prices are in for a correction. The global forecasting firm sees Canadian home prices falling 24% by mid-2024. Previously they expected a […]
