The pandemic is almost over, but things aren’t going back to the way they were. A new working paper called Why Working From Home Will Stick was recently published by the US-based National Bureau of Economic Research (NBER). They found more employers are planning on adopting WFH as a regular part of operations, and it […]
Another Canadian real estate developer is asking buyers to cover soaring material costs. Delpark Homes, a Greater Toronto real estate developer, is the latest to ask buyers for a top-up. Recently soaring material costs, such as lumber, have crushed homebuilding margins. Since new homes are often bought years ago, an unexpected rise in costs can […]
There is no better time to teach a child how to apply for a mortgage, than during a real estate bubble, amiright? The Government of Ontario released some details on the new Grade 9 curriculum. Education minister Stephen Lecce announced math classes will now include financial literacy to make it more relatable to youth. Of […]
The most important book on Canadian real estate you’ll read this year isn’t about demographics or interest rates. It’s investigative journalist Sam Cooper’s new book, Wilful Blindness: How A Network of Narcos, Tycoons and CCP Agents Infiltrated The West. The controversial best-seller outlines how business tycoons and China set out for a power grab 40 […]
Canada’s largest bank sees much higher home price growth in the near future. RBC shared the update to their national home price forecast for 2021. The bank now expects prices to grow almost twice as much as they previously thought. In their previous forecasts, they had expected significantly more government action. With no new policy […]
Canadian housing mania is consuming more and more of the country’s capital. The country is now devoting a record share of gross fixed capital to build homes. It’s really hard to appreciate this number without looking at the rest of the world. The share of investment devoted to homebuilding makes the US bubble look like […]
Inflation is transitory… or it may not be. It depends on whether the data is considered reliable enough that day. Bank of Canada (BoC) released a home price exuberance model, showing the market bubbles. Even more interesting is a footnote for the model they used. They feel inflation data on rent is unreliable, because it […]
The Canadian property bubble is at the part where some people now only see the expensive real estate that can be used for housing. One of Canada’s national newspapers recently ran a staff-written piece on why public parks are a waste of space. Instead, they suggest parks should be used for more housing or run […]
Low interest rates help to bring working and middle-class prosperity. Inequality will drop if only people could borrow more years of their income today. At least that’s the narrative society was sold on for the past 100 years. It turns out there’s no evidence to show that’s true. In fact, the evidence indicates it was […]
One Canadian bank doesn’t see home prices coming down anytime soon. Scotiabank shared their latest risk forecast in their Q2 2021 earnings. As of April 30, 2021, the bank sees a better outlook than they did in January. Home price growth is forecast to accelerate in the base and best case scenarios. As for the […]
