Canadian Real Estate Sales Have Dropped The Most Since The Great Recession
Canadian real estate has entered a down cycle, with price gains rapidly tapering and sales across the country falling the most since the Great Recession.
Toronto Detached Real Estate Sales Drop Over 41%, Inventory Doubles
Toronto detached real estate is seeing demand decline, almost as quickly as it rose last year. Toronto Real Estate Board (TREB) numbers for February show prices are falling. The price movement is expected, as higher inventory levels meet declining sales. Benchmark Prices Vary From A 9% Gain, To Declines Over 10% The prices of a […]
The BIS Just Flagged Canada For A Financial Crisis Because of Real Estate and Debt
The central bank, for central banks, just flagged Canada for a financial crisis largely due to the country’s addiction to real estate fueled debt.
Canadian Real Estate Debt Passed 76% of GDP, Here’s The New Problem We Have
Mortgage debt on residential Canadian real estate is now more than a third of the size of Canada’s GDP. Here’s the reason that’s an issue.
There’s A S**t Ton of Canadian Real Estate Owned By “Corrupt African Leaders”
French NGO, Sherpa, is alleging that millions of dollars in Canadian real estate bought by “corrupt African leaders” was obtained with questionable cash sources.
Canadian Real Estate Just Saw Mortgage Credit Fall For The First Time Since 2011
Canadian household debt saw the largest reduction since 2011, which sounds great – but presents a big problem for real estate.
Toronto Real Estate Sales Down Over 35%, Listings Jump Over 147% In February
Toronto real estate continued to see a cooler market in February. Toronto Real Estate Board (TREB) numbers show prices are still higher, but they’re tapering fast. This occurred as sales declined, and inventory climbed for the eleventh consecutive month. Toronto Real Estate Prices Are Seeing Gains Taper The sale price of a home is still […]
Real Estate Drove A Fifth of The Canadian Economy In 2017
Canadian real estate and its related industries drove almost a fifth of GDP growth, and make up more than a fifth of total GDP according to the newest numbers from StatsCan.
Canada Didn’t Skip The Great Recession, We Delayed It. Here’s The Chart
Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
National Bank Expects Toronto and Vancouver Real Estate Prices To Decline In 2018
National Bank of Canada is the first of the Big Six to anticipate lower prices for Toronto and Vancouver real estate.
