Canada is still in a deep winter freeze, but the market is shaping up for an interesting Spring. National Bank of Canada (NBF) found that real estate inventory proved more resilient than sales in December. That inventory might be even higher this Spring, as frustrated sellers cancel 1 in 5 listings without a sale. Many […]
Canada’s economy is slowing down but that’s not deterring households from borrowing. Statistics Canada (Stat Can) data shows growth of household debt accelerated in November. The move was led by higher demand for mortgage credit which has accelerated over the past year, but still remains below historic levels. Canadian Household Debt Tops $3.02 Trillion Canadian […]
Global real estate markets may have to hit pause on those plans to recover this year. A new report from Oxford Economics warns the global real estate recovery may be derailed by surging bond yields. The year kicked off with a sharp climb, which will have a big impact on all investments, but especially yield […]
Canadian real estate sales are picking up but prices haven’t budged, and they aren’t expected to in the near future. BMO Capital Markets believes the Great Canadian real estate stagnation may have just kicked off. Despite a sharp cut to interest rates and normalization of buyer volumes, prices are still moving sideways. Those expecting a […]
Toronto is out and Saskatoon is in—at least for those looking for a robust job market. That’s the take from BMO’s latest labor market rankings of Canada’s 33 largest cities. The country added tens of thousands of jobs, but surging population growth means some cities did worse than others. Places like Toronto saw a sharp […]
Vancouver real estate sales picked up last month, but lofty inventory is easing market pressures. Greater Vancouver Realtors (GVR), formerly REBGV, data shows the price of a composite benchmark (typical) home fell slightly in December. The minor decline emphasized uncertainty about where prices should head, remaining mostly unchanged from last year. Despite sales seeing enormous […]
Greater Toronto real estate failed to maintain momentum last month. Toronto Regional Real Estate Board (TRREB) data shows prices stalled in December. Last month was one the weakest for sales in the past decade, while inventory climbed to one of the highest levels over the same period. Toronto Real Estate Price Uncertainty: Will They Head […]
Toronto real estate just got another sign that it entered one of its roughest markets ever. Equifax data shows the Greater Toronto mortgage delinquency rate climbed again in Q2 2024. Just two years after hitting a record low, the rate is now climbing at one of the most aggressive paces in history, hitting a 9 […]
Canada is tripling down (quadrupling?) on its real estate-based economy. Statistics Canada (Stat Can) data shows the number of active businesses hit a new record in September. That’s the good news, which loses a little luster when examining the details. The country’s national statistics agency attributed most growth to just a handful of real estate-related […]
Canada plans to slow its population growth next year, and it might be ahead of schedule. Immigration, Refugees and Citizenship Canada (IRCC) data shows applications for temporary residency, including extensions, declined in October. The decline comes ahead of a policy to shrink the temporary resident population, which has more than doubled over the past 3 […]
