Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Clear For Another Hike After Employment Boom: BMO Canada’s employment data is still coming in hot, with the economy adding 104k jobs in December. This drove the unemployment rate down to just 5.0%, only 0.1 points above the 50-year […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Have Officially Crashed In 18 Markets Canadian real estate is spiraling lower as 18 markets enter a technical “crash.” Sharp corrections were in Oakville-Milton (-$398,700), Mississauga (-$286,000), and Cambridge (-$249,600). No need to panic—even with this pullback, prices […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble Is Now The Largest Ever, Correction Needed: RBC Canadian real estate is in its biggest bubble ever, and RBC sees falling prices fixing it. The bank estimates a median household buying would need to spend 67% of its […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Building Boom Hits Historic High, To “Be Tested”: BMO Canada’s real estate slowdown has developers pumping the breaks on new projects. Don’t worry, says BMO—there’s a record number of homes currently under construction. The seasonally adjusted annual rate (SAAR) […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Bank Regulator Just Told Banks To Put Away More Cash For A Risk Event Canada’s banking watchdog is asking the country’s Big Six to put away a little more cash for a rainy day. This week OSFI increased the domestic stability […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Bubble Is Popping As Mortgage Rates Throttle Credit Canadian real estate prices got a boost from low rates, now the opposite is happening. A typical home fell to $735,000 in October, down 15.3% from the peak, wiping out […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ Macroeconomics firm Oxford Economics warned clients that Canada’s recession is here. They believe home prices will fall 30% from peak-to-trough by next year, wiping out most growth. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68% Canadian mortgage lenders are reporting significantly higher average loan losses. The average loss reached $96,000 in Q3 2022, up a whopping 68.4% (US$39,000). This indicates liquidity is falling for sellers, which […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023? Was it reckless for the Bank of Canada (BoC) to tell households that interest rates will be low until 2023? Yes. Central banks are supposed to be responsive […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Recent Real Estate Buyers Weren’t Stress Tested For Mortgages Rates This High Canada’s real estate industry complained about mortgage stress testing being too burdensome. However, the current data shows it may have been insufficient. BMO Capital Markets warns a significant share […]
