The Gap Between Canadian Real Estate Prices and Homeowner Expectations Is Shrinking
The gap between Canadian real estate sale prices, and what homeowners estimate their homes to be worth is closing. Although it’s still huge.
The gap between Canadian real estate sale prices, and what homeowners estimate their homes to be worth is closing. Although it’s still huge.
The US Federal Reserve has a super secret indicator for tracking bubbles, and they think Canadian real estate is at risk for a correction.
Canada’s high real estate prices, and broke Millennials dragged the rate of homeownership back to pre-Great Recession levels.
Canadian real estate dollar volumes are dropping, with Toronto leading the country in declines for September.
Canadian real estate prices are showed a second month of price deceleration according to Teranet and National Bank of Canada.
Vancouver condos get a bump in prices, sales, and listings. Heck, even historic numbers got a bump due to a re-calculation of sales.
Toronto condo prices are still sky high, but declining sales and a roaring pre-sale market are tapering price growth quickly.
Part 3 of our notes from the CMHC “Future of Home Prices” talk focuses on combining models for price targets, using Toronto real estate as the example.
Canadian real estate prices won’t wait for incomes, so what’s next? Here’s part 2 of my CMHC presentation notes on the future of housing.
Vancouver real estate buyers could be in for a rough ride, as OSFI approves B-20 guidelines to stress test uninsured mortgage borrowers.