Canadian real estate investors are about to face higher hurdles to enter the market. The Office of the Superintendent of Financial Institutions (OSFI), Canada’s bank regulator, confirmed new rules being rolled out in Q2 2023. The rules are a part of international Basel III guidelines, designed to reduce risk in the system. One critical change […]
Canadian households were hit with the fastest rise in living expenses in over 3 decades. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth for March was the highest in over 31 years. High crude oil prices have been the focus of most media attention, but the issue is much more […]
Canadian passports were once prized trophies for entrepreneurs, but times are changing. That’s the takeaway from the 2022 edition of the Passport Index. The Index is produced by Nomad Capitalist, a global consultancy for high net-worth entrepreneurs that happens to have over 400k Youtube subscribers. They only gave Canada a minor drop in score, but […]
Canada has never seen anything like the current residential real estate market. Sure, affordability is often a problem at the peak of a real estate cycle. However, the gap between home prices and disposable incomes has never been this wide. Home prices have persistently outpaced wages for this generation, and it’s not slowing. The gap […]
Canada’s epic real estate run is forecast to end as surging mortgage rates pinch demand. Moody’s, one of the big three credit rating agencies, has forecast a decade high for mortgage rates. The firm’s risk models now show home prices stalling if the economy is able to maintain this steam. There’s only a minimal chance […]
One of Canada’s most prominent economists really wants you to stop blaming high home prices on supply. BMO chief economist Douglas Porter explained Canada is promoting an incorrect supply narrative. In a piece literally called, Could We PLEASE Stop With This Supply Myth?, he breaks down a chart in Budget 2022. The Federal Government felt […]
Canadian mortgage rates are expected to surge higher and grind demand to a halt over the next few years. That’s the take Moody’s Analytics shared with credit analysts and institutions last week. The credit rating giant sees soaring bond yields pushing mortgage rates to a decade high. Low rates over the past two years also […]
Canadian real estate investors should pay close attention to a new rule in the budget. The Government of Canada (GoC) 2022 budget proposes to apply a sales tax to assignments for new homes. Hitting assignments with a sales tax will make reseller units much less attractive. If implemented, this can drastically change investor demand for […]
Canada has only seen higher interest rates for a month, and a mini-bailout is already in action. The Government of Canada (GoC) delivered its 2022 Budget with a heavy focus on housing. There is a whack of new policies, but what stood out is the number of demand inducement schemes. Some of Canada’s top economists […]
Canadian real estate is entering one of its most precarious phases in history. Households will navigate it without the help of the national housing agency, though. The Canada Mortgage and Housing Corporation (CMHC) has halted its Housing Market Assessment (HMA) report. The regular report provided the public with insights on housing market imbalances. The cancellation […]
