Canadian real estate markets are cooling down in almost every region. Canadian Real Estate Association (CREA) numbers show the price of a typical (a.k.a. benchmark) home fell in April 2019. Despite some large annual growth in a few markets, only 3 real estate markets are printing new highs. Canadian Real Estate Prices Are Down Less […]
Canadian real estate owners may be hiding financial vulnerability using complex debt products. Bank of Canada (BoC) staff published a new analytical note examining new home equity data. The new data gives more insights into home equity borrowing, and how the debt is drawn. Out are traditional HELOCs, held separately from the mortgage. In are […]
Greater Vancouver detached real estate is still spiraling. Real Estate Board of Greater Vancouver (REBGV) numbers show sales dropped to a 20 year low in April. The decline in sales is combining with a multi-year high for inventory. The result is Greater Vancouver detached prices are now at the lowest level in three years. Greater […]
Toronto detached real estate is doing better than last year, but that doesn’t say a whole lot. Toronto Real Estate Board (TREB) numbers show sales made a huge jump in April, when compared to last year. Even with the climb, it was still the second fewest sales for April in a decade – with a […]
Canadian real estate sales are stabilizing after last year’s massive drop. Canadian Real Estate Association (CREA) numbers show a large climb for sales volume in April. The increase comes after months of negative growth, but may be more of a sign of stabilization. Last year’s decline in sales was the largest in over a decade, […]
Canadian real estate prices made history last month, but not the record most were hoping for. The Teranet–National Bank House Price Index (TNB HPI) index failed to rise in April. The lack of increase is the first outside of recession, going into the usually busy spring season. Canadian Real Estate Prices Stall The First Time […]
A lot of gems in last week’s BC money laundering report, but the biggest one wasn’t about the province. The report’s numbers suggest one of Canada’s fastest growing industries is washing money. In an advanced economy with low but stable gross domestic product (GDP) growth, this is a big issue. The numbers show laundering cash […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Money Laundering Provided 1 In 20 Dollars For BC Real Estate The Government of BC found extensive money laundering is occurring across the province. A paper released by the province estimates $7.4 billion in laundered funds entered BC in 2018, with […]
Canadian real estate is a giant washing machine, confirms the British Columbia government. The province’s Attorney General office released a new report yesterday. The report estimates the amount of laundered cash in the real estate market to be in the billions last year. Considering last year was slower than usual, it represents a good chunk […]
Canadian housing starts ripped higher last month, but that’s only part of the story. Canada Mortgage and Housing Corporation (CMHC) numbers show a surge in new home construction starts in April. Despite April’s surge in activity, new home starts are significantly behind last year. Canadian Real Estate Starts Spike In April, But Still Lag Canadian […]
