Toronto real estate is seeing lower sales, but that didn’t stop condo prices from moving higher. Toronto Real Estate Board (TREB) numbers show the price of condo reached a new all-time high in December. Rising prices in Toronto came with the fewest sales for the month since 2013. Toronto Condo Prices Rise Over 8% Greater […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Keeps Dropping, Prints New 17 Year Low Canadian mortgage growth dropped to a multi-year low. The balance of outstanding mortgage credit reached $1.53 trillion in November, up 3.2% from last year. While the dollar amount is at […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Debt Is Back Above US Great Recession Numbers Canadian household debt to income ratio (DTI) are now above peak US levels. Household DTI reached 166.79% in Q3 2018, up 0.15% from last year. That might seem low if […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Price Gains Continue To Taper, Annual Growth Falls Below 2% After an epic run, Canadian real estate prices are starting to taper in growth. The price of a typical home across Canada reached $618,800 in November, up […]
After years of overheated growth, Canadian real estate price gains are tapering. Canadian Real Estate Association (CREA) numbers show prices for a benchmark (a.k.a. typical) home across Canada slowed in growth in November. Prices are beginning to stall after years of explosive growth across most of the country. Canadian Real Estate Prices Rise Less Than […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Real Estate Industry Lowers 2019 Sales Forecast For A Third Time The Canadian real estate industry is lowering their forecast for a third time. CREA now expects 458,200 sales in 2018, down 11.2% from the year before. The […]
Third time’s a charm… maybe. The latest Canadian Real Estate Association (CREA) shows large revisions for sales numbers. Most regions in Canada will see a drop in sales this year, with BC and Ontario leading lower. The only growth in sales expected are east of Ontario, but next year is looking rosier. Yes, Forecasting Is […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate CMHC: Vancouver Has The Most Indebted Households In Canada, Toronto Not Far Behind Vancouver, Toronto, and Victoria are the country’s most indebted cities. Vancouver led the pack with a debt to income ratio (DTI) of 242% in Q2 2018. To put […]
Toronto detached real estate sales are falling off a cliff. Toronto Real Estate Board (TREB) numbers show November prices are just off of last year. That’s the least important takeaway from the numbers. Instead, detached sales falling to Great Recession levels and high inventory is the big story. Toronto Detached Real Estate Prices Are Flat […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Largest Real Estate Developer Declared A Soft Landing. They’re Wrong Canada’s largest real estate developer has declared the country has officially made a soft landing. There’s just a few problems with that. First, it’s way too early to call, […]
