Top Stories

This Week’s Top Stories: Canada Furthers Dependence On The Real Estate Industry, While Over 1 In 7 Buyers Now Need Mom & Dad To Help

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad Ontario’s first-time buyers aren’t pursuing ownership alone, and instead are looking for much older help. Condo apartments bought with multiple owners with an age gap of 20 […]

Top Stories

This Week’s Top Stories: Toronto and Vancouver Real Estate Sales Soar, and Borrowing Rates Are On The Decline

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver Stabilizing Warning signs exist for Canada’s real estate markets, but things are improving. The CMHC sees “moderate” vulnerabilities across Canada. Toronto held its rating of “high” vulnerability, due to overvaluation and overheating. Vancouver […]

Top Stories

This Week’s Top Stories: Half of Canada’s GDP Growth Is Real Estate and Construction, and A Big Bank Sees Vulnerabilities

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate RBC: Toronto And Vancouver Real Estate Construction “Significantly” Outside Norm Canada is building a lot of houses, while unaffordability rises across the country. RBC Economics notes the building is a potential vulnerability. Same with the lack of affordability, which the bank […]

Top Stories

This Week’s Top Stories: Toronto and Vancouver New Home Sales Are Slower Than Usual, and HELOC Debt Jumps

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate National Bank Of Canada: Don’t Take Real Estate Price Increase As A Sign Of “Vigour” Canadian real estate prices made a small increase, but NBC warns it’s not the sign of “vigour” you may think. National prices increased 0.76% in June, […]

Top Stories

This Week’s Top Stories: Over Half of Toronto and Vancouver Can’t Afford A One-Bedroom Rental, and Foreign Buyers Are Disappearing

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Make A Small Gain, Weighed Down By Vancouver Canadian real estate sale made a small climb this year. There were 47,755 sales according to CREA, up 0.30% from last year. The number is higher than the […]

Top Stories

This Week’s Top Stories: Canadian Non-Bank Mortgage Lenders Had Over 34,000 Late Mortgages, and Housing Starts Hit A Multi-Year High

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Ontario Loses Over 5,000 Real Estate Jobs, BC Hits New All-Time High Real estate sector jobs made a minor movement on a national scale, but there’s a major shift on a regional basis. FIRE seasonally adjusted employment fell to 1.193 […]

Vancouver

Greater Vancouver New Home Sales Drop Nearly 90%

Greater Vancouver real estate sales are dropping incredibly fast these days. Data from MLA Canada, a notable pre-sale marketing firm, shows a big drop in sales in May. Developers are responding to the decline by cancelling or delaying many projects. Greater Vancouver Pre-Sale Listings Decline Over 65% Greater Vancouver pre-sale listings for real estate made […]