RBC quarterly filings reveal the bank is seeing its baseline expectations for Canadian real estate prices erode even further.
The Bank of Canada’s low rate policy to drive inflation helped drive over 250k excess home sales over the past two years.
The Bank of Canada is telling the public they know higher rates are “difficult,” but ultimate leads to a lower cost of living.
Canada’s real estate bubble suddenly disappeared with a new revision to how it measures prices. It hit another bubble with that method too.
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.
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 […]
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 […]
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 Canadian real estate buyers at the March 2022 that left a minimum down payment might be holding property worth less than they borrowed.
BMO made a downward revision to its Canadian real estate forecast as the bank notes a surge in cancelled listings and failed closings.