Cooling Canadian real estate prices are dragging rental price growth. Numbers from the rental platform rentals.ca show 1 bedroom prices increased in markets with slower price gains last year. However, last year’s red hot real estate markets are experiencing slow to negative growth – especially around the Greater Toronto-Hamilton Area. Canada’s Most Expensive Rental Market […]
Vancouver real estate is seeing the worst sales in years, and detached homes were no exception. Real Estate Board of Greater Vancouver (REBGV) numbers show detached sales continued to grind lower in August. The decline in detached sales, combined with a rise in inventory, helped to push prices tens of thousands of dollars lower. Vancouver […]
Toronto real estate’s mixed market extended to detached homes last month. Toronto Real Estate Board (TREB) numbers show detached prices fell in August. The decline in prices was accompanied by a rise in sales as well as inventory. Toronto Detached Real Estate Drops Over $8,900 The price of a typical detached home fell across Greater […]
Canadians are racking up a whack of debt, especially for real estate. That appears to be coming to an end, and fast.
No, we won’t call Toronto real estate a bubble today. Usually we shy away from using the B-word entirely. Canadians tend to look at you like you’ve insulted their mother when you say it. Instead we’re going to discuss the phases of a real estate bubble, and let you make a decision for yourself. Understanding […]
Vancouver real estates is finally starting to cool down, but it’s doing so incredibly fast. Real Estate Board of Greater Vancouver (REBGV) numbers show growth deceleration in August. This is the sixth consecutive month we’ve seen price growth slow. The slowing growth is largely due to sales plummeting, while inventory begins to soar. Greater Vancouver […]
Toronto real estate sales are improving in the suburbs after being hit hard last year, while the city is starting to see signs of moderation.
The Canadian real estate market is slowing down, and it’s hitting mortgages. Bank of Canada (BoC) numbers show mortgage credit grinded to a halt in July. The annual rate of mortgage growth fell to the lowest level in nearly 18 years, and is set up to go lower. Canadians Owe Over $1.52 Trillion In Mortgage […]
The Bank of Canada’s M1+ is seeing growth plummet, as households and businesses adjust to the central bank’s interest rate hikes.
Canadian real estate owners received a windfall of equity over the past decade. Rather than selling for a profit, many are turning to home equity lines of credit (HELOC) to reap the rewards. The popular form of debt allows owners to borrow equity in their home, and pay it back like a second mortgage. They’re […]
