Greater Vancouver condo buyers are having a sudden shift in sentiment. Real Estate Board of Greater Vancouver (REBGV) numbers show price growth continued the trend of rapid price deceleration in September. The deceleration was most likely due to rising inventory and falling sales. The condo market has now exited a seller’s market for the first […]
Toronto’s condo buyers are tapering off, but prices are still inching higher. Toronto Real Estate Board (TREB) numbers show the price of a condo apartment hit a new all-time high in September. Despite the rise in prices, sales are sliding faster than inventory, relieving some of the pressure to move higher. Toronto Condo Prices Hit […]
Canadian real estate sales made a larger than exepcted decline in September, as the market got hit with the worst September since 2012.
Canadian real estate prices are stalling, according the country’s largest land registry operator and a Big Six bank.
Time for your weekly cheat sheet on the most important stories this week. Canadian Real Estate Gasp! Canadians Might Have To Actually Make Enough Money To Buy Real Estate Soon Canada’s banking regulator wants to put an end borrowers depending on equity to get a mortgage. Equity lending, the process of depending on “earned” equity […]
Rising interest rates are already drying up credit for Canadian households. Bank of Canada (BoC) numbers show household credit hit another all-time high in August. More concerning is the rising balance is seeing a rapid decline in growth. Rising rates have sent the annual pace of growth to the lowest it’s been over 35 years. […]
After years of doing mostly nothing, Canadian regulators are springing into action. The Office of the Superintendent of Financial Institutions (OSFI), after successfully rolling out B-20 Guidelines, are turning their focus to equity lending. Mortgages issued this way allow lenders to gloss over income, and rely mostly on equity in the home. 1 in 5 […]
New housing construction is grinding to a halt across Canada. Canada Mortgage and Housing Corporation (CMHC) numbers show a sudden drop in new housing starts in September. The drop sent starts to the lowest levels in nearly two years, and here’s why that’s important for the economy. Here’s Why You Care About Housing Starts Housing […]
Greater Vancouver’s detached real estate market had a rough start to fall. Real Estate Board of Greater Vancouver (REBGV) numbers show nearly every major market indicator deteriorate in September. Generally speaking, the detached market saw lower prices, plummeting sales, and higher inventory. Vancouver Detached Real Estate Prices Drop Over $76k The price of a typical […]
Toronto’s detached real estate market has improved from last year’s bloodbath, but not by much. Toronto Real Estate Board (TREB) numbers show that prices were mostly stalled in September. The stalled prices were accompanied by more sales, and even more inventory than last year. Before you get too excited about rising sales, it was the […]
