Canadian Real Estate Prices Get Another Forecast Revision Lower From RBC
RBC quarterly filings reveal the bank is seeing its baseline expectations for Canadian real estate prices erode even further.
Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales
The Bank of Canada’s low rate policy to drive inflation helped drive over 250k excess home sales over the past two years.
Higher Rates Lower Your Cost of Living, “We Know It’s Difficult”: Bank of Canada
The Bank of Canada is telling the public they know higher rates are “difficult,” but ultimate leads to a lower cost of living.
Canada Eliminated Its Real Estate Bubble By Revising Data. It Hit A New One Already
Canada’s real estate bubble suddenly disappeared with a new revision to how it measures prices. It hit another bubble with that method too.
Canadian Real Estate Affordability Hits Worst Level Since The 90s: Bank of Canada
The Bank of Canada Housing Affordability Index shows it hasn’t been this hard to buy a home since the early 90s real estate bubble.
Ontario’s Small Towns Are Booming While Toronto Struggles To Recover
The flight from cities like Toronto was supposed to be temporary, but it might not be. Despite armies of Toronto real estate agents claiming on social media that people are returning, that doesn’t seem to be the case in July data. Using Google mobile traffic, we found Toronto workplaces have a third less traffic than […]
Canada’s Tax Authority Has Been On A Multi-Billion Dollar Real Estate Crackdown
Canadian real estate owners are stuck paying a buttload in penalties after trying to avoid taxes owed. New data from the Canada Revenue Agency (CRA) shows their crackdown on real estate owners/sellers has led to billions in recouped revenue. Data provided by the agency also shows they’ve collected substantial fines adding up to hundreds of […]
Over 1 In 10 of Canada’s Non-Resident Real Estate Owners Have Multiple Properties
Non-resident investors find Canada’s real estate markets so nice they’re buying it twice… or thrice, sometimes more. Data from the Canadian Housing Statistics Program (CHSP) shows substantial non-resident homeownership. Not new, but what is surprising is the share of non-residents, who have income tax obligations in another country, that owned multiple homes in 2020. Over […]
Many of Canada’s Peak Real Estate Buyers Might Already Be Underwater
Many Canadian real estate buyers at the March 2022 that left a minimum down payment might be holding property worth less than they borrowed.
Canadian Real Estate Is Worse Than Official Data Shows, BMO Revises Forecast Lower
BMO made a downward revision to its Canadian real estate forecast as the bank notes a surge in cancelled listings and failed closings.
