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.
Late Payments For Ontario Real Estate Hit Lowest Rate Ever, BC Stalls For 4th Month
Canadian real estate prices are booming, but late mortgage payments are falling rapidly. It probably doesn’t mean what you think it does.
Canadian Real Estate Prices To Be Impacted By OSFI More Than Foreign Buying Taxes, Says Top Chinese CEO
A top Chinese property executive thinks Canadian real estate prices will be impacted by stress testing buyers, more than foreign property taxes. She blames easy credit to absorb asset inflation, which it turns out the Bank of Canada has been saying for years.
Researchers Destroy The Narrative That Greater Toronto Is Running Out of Land
Greater Toronto real estate prices have been soaring largely due to the perception of a shortage of land. Researchers from Neptis, a non-partisan urban research foundation, argue there’s plenty of land however. We’re not even using much of the land earmarked for development.
This Week’s Top Stories: Chinese Government Seizes Billions In Canadian Real Estate, and Top Chinese CEO Thinks Vancouver Is “Overpriced”
The Chinese government just took control of a company that recently bought billions in Canadian real estate, and one of Asia’s top real estate execs says Vancouver is “overpriced.”
The Chinese Government Just Seized Billions Worth of Canadian Real Estate
The Chinese government just seized control of Anbang, one of China’s largest real estate buyers, and now controls billions worth of Canadian real estate.
China’s Largest Overseas Real Estate CEO: Taxes Won’t Stop Wealthy Foreign Buyers
The CEO of China’s largest international real estate portal thinks Chinese demand for Vancouver real estate will drop because it’s “overpriced,” not because of taxes.
Canadian Regulator Confirms It’s Harder To Get A Mortgage With Foreign Income Now
Canada’s federal banking regulators drop us a line to tell us that getting a mortgage for Canadian real estate, with foreign sourced income, is already a lot harder.
