Canadian Real Estate Sales Drop Over 11%, BC Home To Biggest Declines
Higher interest rates and policy measures are killing real estate sales across Canada, but BC is seeing the biggest drops.
Canadian Real Estate Prices Make The Smallest Advance Since 2009
Real estate prices across Canada have grinded to halt. The Canadian Real Estate Association (CREA) aggregate of major markets show annual price growth has fallen close to flat in June. Nearly half of Canada’s major markets are now printing declines from last year. Canadian Real Estate Benchmark Price The price of a typical home across […]
Toronto Hits A Multi-Year Record For New Condos Under Construction
Toronto real estate is about to get a whole lot of supply. Canada Mortgage and Housing Corporation (CMHC) numbers show Toronto CMA is just under the all-time high for homes under construction. Over 3 out of 4 of those units under constructions are condo apartments. The number of condos under construction vs population increase ratio, […]
Teranet: Canadian Real Estate Prices Decelerate, Toronto Plunges Further Negative
Canadian real estate prices are heading for negative growth, and fast. The Teranet–National Bank of Canada House Price Index (Teranet HPI) shows many markets at new record highs when it comes to prices. Record high prices are meeting higher interest rates though, and sending growth to multi-year lows. Teranet HPI Vs CREA The Teranet HPI […]
Buyers Remorse? Here’s How Many Toronto Real Estate Buyers Walked Away Last Year
Toronto real estate sales sometimes fall through, it’s a reality of any market. It’s often not until a few months later that we find out how many sales actually closed. Toronto Real Estate Board (TREB) data shows sales fell through at a higher rate than usual last year. In a small window where price growth […]
Canadians Hold Onto Less Cash As The Great Deleveraging Begins
Canadians are holding onto less cash, according to the country’s central bank. Bank of Canada (BoC) numbers show M1+, a measurement of “cash,” is seeing growth plummet. The deceleration of growth is a sign that consumers are spending more to service debt. That’s the good news. The bad news is it’s also a sign of […]
Low Growth? Canadian Mortgages Are On Track To Go Even Lower
Canadian real estate sales are trending lower, and taking mortgage growth with it. May’s numbers from the Bank of Canada (BoC) show we’ve hit the lowest pace of growth in years. Despite the low levels of growth, this number appears to be heading even lower. Annualizing Data To Understand Performance First, you’ll need to know WTF […]
Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years
Canadian real estate sales are feeling the pinch of higher interest rates, and consumer credit isn’t far behind. Bank of Canada (BoC) numbers show household debt printed a new record high. Despite the record high, the rate of growth continues to slow for consumer debt levels. The decelerating growth is yet another indicator that the […]
Equifax: Canadian Households Are Already Having Trouble Dealing With Credit
One of the world’s largest credit agencies is noting credit exhaustion at Canadian households. Equifax is seeing a declining number of Canadians paying off the balance on credit cards. Total nothing burger to most, but it’s actually really interesting to credit nerds. Carrying a balance increases the odds of credit delinquencies later down the road. […]
StatsCan: Nearly 1 In 10 New Homes In Toronto Scooped By Non-Residents In 2016-2017
Statistics Canada has updated the non-resident real estate ownership stats for Greater Toronto. Finally, some data!
