Toronto Tops North American Crane Count, and There’s 400 More Projects Proposed
No other North American city has more high-rise construction cranes, as the rush to develop Toronto real estate reaches a fevered pitch.
Toronto Becomes Canada’s Most Expensive Rental Market, As Vancouver Prices Drop
Vancouver rental prices made a massive drop in June, making Toronto the country’s most expensive rental market.
Did Canadian Real Estate Prices Just Make An Exhaustion Move?
A few weeks ago, Bay Street’s top strategist invited me to breakfast, to talk kittens and rainbows. Kidding, we obviously talked about Canadian real estate. Most of the conversation was just a rehash of data we post here, but he did say something that stuck with me. Towards the end of breakfast he goes, “an […]
Cheat Sheet: TREB Loses Supreme Court Appeal, Here’s What You Need To Know
Canadians are about to get a more transparent real estate market… well, one market. The Supreme Court of Canada has dismissed the Toronto Real Estate Board (TREB) appeal to prevent members from releasing data. The dismissal ends a nearly seven year struggle to get the board to open up information. During this time, TREB argued […]
New Canadian Real Estate Buyers Decline, But Their Budgets Expand
Canada saw less new buyers last year. Canada Mortgage and Housing Corporation (CMHC) numbers show mortgages to new owners saw a huge decline last year. Despite the huge decline, the average balance of these new mortgages inflated. New homebuyers are taking out less mortgages, but much larger ones – especially in the suburbs. New Owners […]
Canadian Mortgage Holders See Credit Improve, But It Doesn’t Mean What You Think
Canadian real estate owners with a mortgage are doing “very good” with their payments. The Canada Mortgage and Housing Corporation (CMHC), using Equifax data, is observing credit score improvements across the country. The average credit score of Canadian mortgage holders is improving. This may come as a surprise to some, but it doesn’t mean what […]
Canadians Withdraw Another $2 Billion In Home Equity Over A Month
Another $2 billion worth of equity was withdrawn from Canadian real estate in June, sending the outstanding balance to a new record.
Montreal Heats Up, While Toronto and Vancouver Real Estate Continue To Cool
Montreal and Ottawa real estate markets are heating up, while Toronto and Vancouver’s real estate markets continue to cool.
Over 1 in 10 Mortgages Issued In Canada Are On An Already Mortgaged Home
Canadian real estate price spiked in 2017, and a lot of homeowners have already spent that equity. Canada Housing and Mortgage Corporation (CMHC) numbers show a huge number of people are taking out multiple mortgages on their homes. The trend now represents over 1 in 10 mortgages issued in the country, and nearly half are […]
Toronto Real Estate Sales Lead Canada For Growth, BC Leads The Declines
Canadian real estate sales continue fall to new lows. Canadian Real Estate Association (CREA) numbers show only 3 markets with more than 500 sales had year over year growth. Those that did see growth, only saw mild growth compared to previous years. The exception is Toronto, but that isn’t what it appears to be either. […]
