Canadian Borrowing Rates Rise To A 7 Year High
Canadians are facing the fastest hike to borrowing costs since before the Great Recession, and it’s going to hurt real estate sales.
Teranet: The Canadian Real Estate Downturn In June and July “Did Not Turn Around”
Canadian real estate prices are seeing slowing growth, but still printed a new record. The Teranet–National Bank House Price Index (Teranet HPI) shows a major slowdown in August. Canada’s largest markets saw the slowest price growth they’ve seen since 2009. What’s The Teranet HPI? The Teranet HPI is a price index created by National Bank […]
Toronto Real Estate Board Reminds Agents They Shouldn’t Give Fake Sold Info
The Toronto real estate sold data drama continues, after less than a month of being published. Toronto Real Estate Board (TREB) notified members that there have been reports of false sold data being submitted to the MLS. Agents looking to “protect” consumer privacy have submitted false sold information, to obfuscate how much was really paid […]
Toronto Condo Rental Prices Drop, Vancouver Flat In August
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 Detached Real Estate Prices Drop Over $27,000
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 Detached Real Estate Prices Shed Over $8,900 In Value
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 Add An Average of $187,000 Per Minute To The Household Debt Balance
Canadians are racking up a whack of debt, especially for real estate. That appears to be coming to an end, and fast.
Toronto Real Estate Prices Literally Look Like The Textbook Chart For Asset Bubbles
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 Estate Sales Drop Over 36%, Slowest Price Growth Since 2014
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 Rise In The 905, Drop In The City
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.
