All but two U.S. real estate markets are seeing double-digit annual price growth. The S&P CoreLogic Case-Shiller Index shows February saw annual home price growth hit the highest level since 2006. Three of the Top 20 markets even hit an all-time record for home price growth. U.S. Home Prices Are Growing At The Fastest Rate […]
Canadians are now so used to large home price gains, that frothy returns just look normal. BMO senior economist Douglas Porter gave a little perspective, by looking across Lake Erie. In Cleveland, home prices are rising rapidly and beginning to look a little frothy for the market. On the Canadian side, prices in St. Thomas […]
Canadian real estate is such a big part of the economy, just its spin-off economic activity is now a huge deal. The Canadian Real Estate Association (CREA) has forecast big 2021 home sales, but the second half will be slower than the first. Next year they see a less exciting, but more typical year for […]
Canadians shopping for homes should make sure they really want that home — especially in cottage country. BMO senior economist Robert Kavcic sees the market cresting soon. In a research note to clients, he sees a few upbeat economic indicators, which may dump cold water on stimmy. People may debate whether or not big cities […]
Canadian real estate markets are going to be very different after the pandemic. BMO‘s annual housing survey found first-time home buyers (FTHB) are moving to small towns. More young adults now find small-town living to be much more desirable than living in any of Canada’s big cities. Canadian First-Time Buyers Fleeing To The Suburbs Almost […]
The number of U.S. existing-home sales is falling, but it’s definitely not a drag on price growth. The National Association of Realtors (NAR) data shows existing-home sales fell in March. The drop in sales is largely attributed to falling inventory. This has created more pressure on home prices, driving them to new record highs. U.S. […]
Canadian real estate is finally starting to show up in inflation data, but it may not be as high as you would guess. BMO chief economist Douglas Porter shared his take on Canada’s inflation numbers. The consumer price index (CPI) is starting to make a sharp climb. Most of the increase is attributed to the […]
U.S. home prices are rising very quickly, and so is fraud to obtain mortgages to buy homes. The CoreLogic National Mortgage Application Fraud Risk Index made a big jump Q1 2021. The rapid increase of the index means more red flags are being found in the application process. Hot markets with a sudden surge in […]
Canadian real estate inventory appears scarce, but that might be starting to change. Canadian Real Estate Association (CREA) data shows new listings grew faster than sales in March. A massive amount of sales are actually being met with even more inventory these days. Record sales are due to pent-up and pulled-forward demand, but inventory isn’t. […]
The Canadian real estate industry got what it wanted from the latest budget — nothing. The Government of Canada (GoC) released Budget 2021 this afternoon. Despite housing becoming a boiling point issue, it was largely ignored. There were few commitments that would impact market prices in the near term. Beneficial Ownership Won’t Be Arriving Until […]
