American home sales broke their losing streak last month, with sales finally climbing. National Association of Realtors (NAR) data shows existing-home sales jumped in June. The increase breaks the declining trend over the past 4 months, which has seen sales slip lower. At the same time, inventory climbed even more quickly than sales. Inevitably this […]
Canadian real estate has been experiencing a bit of a lull, and the new home market is no exception. Statistics Canada (Stat Can) data shows new home prices saw annual growth hit a multi-year high in June. The high was due to momentum though, as price growth had been decelerating more recently. Growth appears to […]
Canadian mortgage credit must be seen as too cheap to pass on, since everyone is borrowing. Bank of Canada (BoC) data shows the outstanding mortgage credit for May grew at the fastest rate in over a decade. The balance is also likely to climb at an even faster rate as well, despite the backdrop of […]
Canadian real estate just got another data point to show how lofty recent home price gains have been. Statistics Canada (Stat Can) released the median after-tax income of households in 2019. The data confirms what many suspected — home prices grew much faster than incomes. A lot faster. About Today’s Data Today we’re going to […]
Canadian real estate prices have been generous to sellers over the past year, but not so much for buyers. The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey for 2021. One of the more interesting stories told in the data is how buyers are navigating this market. It […]
Canadians are suddenly pulling back on their new vehicle buying binge. Statistics Canada (Stat Can) data shows new vehicle sales grew on an annual basis in May. Sadly, it wasn’t because the market was experiencing robust growth. It was due entirely to the base effect of comparing sales to an early pandemic month. Zooming out, […]
Canadians have an epic pile of savings accumulating, but it’s not as big as most economists think. Oxford Economics‘ Tony Stillo took a deep dive into the household savings rate this week. The firm found the gross numbers exaggerate the total that can actually be used. Further, wealthier households represent more than half of the […]
More adults are living with their parents, and it may be due to high home prices. The Royal LePage 2021 Boomer Survey (it’s a thing) found one in five Boomers have kids at home currently. Breaking that number down, over half of those are adults 25 and older. A significant number of these Boomers said […]
Lumber prices are still crashing, marking the ninth consecutive week of declines. The cost of the commodity has seen more than a quarter of its value fall in the past month. Since the peak price reached just over two months ago, prices are now down by more than half. As much as they’ve fallen, experts […]
Canada’s national statistics agency delivered another measurement pointing to a housing chill. Statistics Canada (Stat Can) data shows investment in building fell in May. The drop was due entirely to residential investment, which was cut from a record high. Even with the substantial cut, investment in home building is above historic levels. Though that can […]
