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 […]
There’s a lot of factors that impact real estate prices, but they all ultimately depend on liquidity. Liquidity is just a way of saying there needs to be people that want to buy your home, and have enough money to buy it. The money used to come from income and savings, but in the late […]
Canadian residential real estate mortgage credit is falling to levels we haven’t seen in years, even with easy access to leverage.
Vancouver real estate is seeing rapid deceleration of price gains, and printed the worst sales numbesr in 27 years.
Toronto real estate saw prices make a mild increase, but logged fewer sales in September than August – which is unusual.
Not that you needed a report to tell you this, but Canadian real estate is now at record levels of unaffordability. The RBC Economics Affordability Index approached record highs in Q2 2018. The index, which tracks how expensive it is to buy a home, hasn’t been this high since the 1990 Canadian real estate bubble. […]
Canadian real estate owners are wasting no time burning though that new equity. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the number HELOC borrowers across Canada. The agency found two-thirds of borrowers have used their HELOCs, and owe an average of nearly six-figures. Tapped Vs. Untapped HELOC Debt Home equity line of […]
Toronto and Vancouver real estate are two of the world’s most bubbly markets, according to a Swiss mega bank. UBS analysts updated their Bubble Index, with both cities near the top of their list. The bank noted prices are elevated in most economic centers, so they’re not alone. Historically, analysts noted, elevated asset prices decline […]
Remember when people used to line up for a chance to put a deposit on new Toronto real estate? Those days seem very far behind us. BILD and Altus Group data shows new condo apartment sales fell across Greater Toronto, while inventory rose. Don’t worry, people are still paying more for these units… a lot […]
