Toronto Residents Are Leaving At A Record Pace, Immigration Takes Over Growth
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning
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 Is Popping As Mortgage Rates Throttle Credit
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 […]
Most of Canada’s Peak Home Buyers With A Minimum Downpayment Are Underwater
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 […]
An “Ultra Violent Cult” Is Stealing Cars & Using Canadian Real Estate To Launder: FINTRAC
Canadian real estate, an “ultra violent cult,” money laundering, and Toronto’s stolen cars. Sounds like a spy thriller, but that’s reality in Canada, according to FINTRAC. In 2017, the financial intelligence agency assessed the money laundering threat of an organized crime group called Black Axe. The group infiltrated the government, conducts mass fraud, and runs […]
Canadian Companies That Own At Least 100 Homes Have Surged With Cheap Money
Canada didn’t just see households go mad for real estate—companies did too. Data from the Canadian Housing Statistics Program (CHSP) shows corporate ownership surged in 2020. Large companies bought a significant number of homes when interest rates fell. The fastest growing segment of corporate owners were those with at least 100 homes. Yes, you read […]
Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023?
Many Canadian real estate buyers and investors are struggling with higher interest rates. They got some bad advice, not from a Realtor or mortgage agent, but the Bank of Canada (BoC). In a now infamous address in October 2020, Governor Tiff Macklem assured households that rates would be low for long. Households and businesses are […]
Stephen Punwasi: I’m Running For Mayor Of Toronto Because We Have A Generational Opportunity
Toronto was a great place, but neglect and arrogance has it facing a brutal future. It tops the global real estate bubble index, and a sharp recession is ahead. There’s construction everywhere, and residents have no idea who this city is being built for. Young people are fleeing rapidly, and taking the city’s energy with […]
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.
