Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Originations Rise 27%, Second Biggest Month On RecordCanadian mortgage originations hit $40.7 billion in June, up 27.5% from last year—making it the second-biggest month on record. That kind of surge would normally signal renewed housing demand, but not this time. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Organized Real Estate System Dealt A Blow In Class Action Settlement A large regional brokerage dealt a blow to Canada’s organized real estate system this week. RE/MAX Ontario-Atlantic Canada (OAC) agreed to settle a class action challenging mandatory board membership and […]
Time for your cheat sheet on this week’s top stories. Canada’s GDP Lags OECD As Immigration-Led Growth Strategy Backfires Canada’s plan to grow its economy with population stimulus has been counterproductive. Population growth increases aggregate demand, except when the pace is too fast. This produces inflation for necessities, diverting disposable income from other areas of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Growth: Fictional Rent Fuels Over $1 In $10, More Than Oil Canada’s economy is still growing—but the quality of that growth is questionable. Over 1 in 10 dollars of real GDP growth in the past year came from imputed rents, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Pull Back On Real Estate, Set Record Investment In US Stocks Canadians may talk tough on the U.S., but they won’t put their money where their mouth is. In May, Canadians spent $34.2 billion on residential real estate, sliding steadily to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Capital Flight Accelerates As Investors Dump Domestic Assets Canadian investment capital is leaving, despite the recent outperformance from the TSX. Securities data shows an outflow of $16.2 billion in May, marking the fourth consecutive month of capital flight. Over the past […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate How Canada’s Slowing Population Growth Is Fixing The Job Market Canada was warned that slowing population growth would hurt its economy—but it might be helping. Its rising unemployment rate wasn’t the result of job losses, but the inability for the market to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Most Affordable In Years, Still Near 90s Bubble Peak: RBC Canadian real estate is the most affordable in 3 years, but it remains at one of the worst levels in history. A new report from RBC shows that a […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Contracted Modestly. Can It Avoid Recession? The Canadian economy kicked off spring with an unexpected contraction, as monthly GDP fell 0.1% in April—below the market consensus for growth. An upward revision to the previous month’s data left output roughly in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Now Building 2 Homes Per Person Added To The Population Canada’s housing supply shortage may be resolved a lot faster than policymakers anticipate. The country started construction on more than 2 homes per person added to the population in Q1 […]
