Time for your cheat sheet on this week’s most important stories. Canadian Real Estate National Bank Of Canada Forecasts Sharpest Real Estate Price Decline Ever One of Canada’s Big Six banks sees this real estate correction being the largest correction ever. National Bank of Canada is forecasting prices will decline 9.8% from late 2020 to […]
An elite group of US economists are declaring a recession with just one quarter worth of data. National Bureau of Economic Research (NBER), a private organization of top economists is the pseudo authority on the US business cycle. The organization has declared the US economy began a recession in February. This marks the end of […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate CMHC Head Warns Homebuyers To Question Motives Of Those Saying Prices Will Rise The head of the CMHC is warning home buyers to be skeptical of anyone saying real estate prices will rise. He followed the warning with a series of […]
Greater Vancouver real estate is still adjusting to the pandemic, but buyers seem to be more deterred than sellers. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a typical home made a significant monthly decline in May. Inventory fell from last year’s levels, but didn’t drop nearly as much as sales […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate CMHC’s Canadian Real Estate Price Forecast Shows Big Drops In Ontario And BCCanada’s national housing agency gave a detailed breakdown of its real estate price forecast. Prices are expected to fall later this year, and continue into 2021. The forecast ends […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC Warns Canadians: “Support For Homeownership Cannot Be Unlimited” The CMHC, Canada’s national housing agency, had a warning for young homebuyers: Be realistic about your debt. As a cautionary tale, the agency’s CEO walked the federal government through a scenario […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Bank Of Canada: Mortgages In Arrears Expected To Triple, But It Could Be Worse The Bank of Canada expects mortgages in arrears will rise, but policy measures helped contain the surge. The BoC expected mortgages in arrears to rise 8x by […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Make Double Digit Drop, Another Risk Agency Tells Institutional Investors DBRS, the credit rating subsidiary of Morningstar, sees rising defaults coming to Canada. The firm warned institutions and investors that mortgage arrears rates could triple, in […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Could Drop Up To 30%, Moody’s Advises Institutions Deep pocketed investors and institutions were advised Canadian real estate prices will fall. Moody’s, one of the world’s largest risk organizations, published their economic forecast. In the baseline forecast, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Employment In Canada’s Largest Cities Is Worse Than It Looks The unemployment rate in Canada’s biggest cities is rising, but doesn’t capture how bad things are. In Toronto the unemployment rate reached 7.8% in March, up 11.42% from last year. This […]
