Investors scooped nearly half of the new condo supply in British Columbia (BC). Statistics Canada (Stat Can) data reveals investor ownership of property using 2020 tax data. Isolating construction dates, we can see that investors focused primarily on new construction built in 2016 or later. Big cities, small ones, and even rural markets—saw investors capture […]
Ontario real estate is dominated by investors, and this didn’t happen overnight. Statistics Canada (Stat Can) data confirmed investor-ownership using 2020 tax data. Diving into the numbers, we found that most of Ontario’s new condos (2016 or later) are owned by investors. It’s not just big cities like Toronto or Hamilton either, most new condo […]
Canada’s national statistics agency made investor-owned homes the subject of their latest data. Statistics Canada (Stat Can) took a dive through tax data to estimate the share of investor-owned homes in 2020. Confirming our observation last year, the data reveals investors scooped most of the new supply in the most affordable segment, at the expense […]
Canadian real estate’s slowdown is finally beginning to show up in new home prices. Statistics Canada (Stat Can) published the December update to its New Housing Price Index (NHPI). The data shows prices stalled and annual growth made its ninth consecutive deceleration. However, the biggest takeaway was the release—with the agency forecasting price growth without […]
Expectations from Canada’s largest real estate bulls are crashing. The Canadian Real Estate Association (CREA), the organization that oversees Realtors, released its latest quarterly forecast for home prices in 2023. Most markets are now forecast to see home prices contract this year, but that’s not the biggest takeaway. Expectations from the industry rapidly collapsed as […]
Canadian homebuyers might face stronger regulations around mortgage borrowing soon. Office of the Superintendent of Financial Institutions (OSFI), Canada’s bank regulator, is soliciting feedback on a series of new rules to reduce leverage and mitigate risk. Now that risk tools like the stress test have proved why they’re important, they’re seeking to address any gaps […]
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]
The Canadian real estate bubble got a big boost from low rates, and prices are correcting as rates soar. Home prices climbed aggressively as cheap credit flooded the mortgage market until March. As rates increased, credit was throttled, and the opposite effect began to appear. Home prices are now down significantly and likely to slip […]
The Canadian real estate bubble is bursting rapidly as rates rise, and peak buyers are in for a rough time. Canadian Real Estate Association (CREA) data shows the national market peaked in March 2022. We ran the numbers to see how much equity buyers from that month would have at this point. Most peak buyers […]
