Canadians know real estate prices have grown quickly, but most have no idea how it compares to the world. US Federal Reserve Bank of Dallas (US Fed) data shows how home prices evolved since the Financial Crisis. While most countries scrambled to balance home prices with local economic growth, Canada doubled down on housing. The […]
Canadian real estate buyers pay steep premiums to own, compared to their global peers. IMF research shows Canada’s house price-to-rent ratio, the difference between renting and buying, is one of the highest in the world. Owning a home in Canada more closely resembles ratios in countries like Latvia and Slovak Republic, than countries like the […]
The pandemic turned a global slowdown into a global downturn, and it’s just getting started. World Bank analysts have noted a rapid revision of economic indicators around the world. The organization is now forecasting a synchronized downturn, spread over 90% of economies. This would be the largest global recession in history, surpassing the previous record […]
An elite group of US economists are declaring a recession with just one quarter worth of data. National Bureau of Economic Research (NBER), a private organization of top economists is the pseudo authority on the US business cycle. The organization has declared the US economy began a recession in February. This marks the end of […]
One of the world’s largest banks is seeing the beginning of a global real estate correction. UBS, a Swiss multinational mega-bank, published the 2019 Global Bubble Real Estate Index. Analysts from the bank are seeing more favorable financing conditions around the world. Despite the cheap money, the bank is also seeing the beginning of a […]
Toronto is still the King of North American real estate development. The Rider Levett Bucknall (RLB) Crane Index shows Toronto had 120 active construction cranes in July. Toronto not only tops the list for the most real estate development in North America. It also has more than twice the number of active construction cranes than […]
Canadian home prices have been growing at a breakneck speed, and incomes aren’t even close to keeping up. Organisation for Economic Co-operation and Development (OECD) numbers show Canada topped the house price to income index. Canada’s gap between house price and income growth grew so fast, it tops the list of high-income, advanced economies. House […]
Canadians love real estate so much, they’ve sent price growth higher than almost all of its peers. US Federal Reserve numbers show the market had the highest price growth of any G7 country, as of 2018 Q3. Just last year, prices in Canada were the fastest growing annually in the group. This year, they’re the […]
No other North American city has more high-rise construction cranes, as the rush to develop Toronto real estate reaches a fevered pitch.
Canadian real estate prices skipped the Great Recession, but most places weren’t so lucky. Analysts from the Bank of International Settlements (BIS), the central bank for central banks, crunched the numbers for G20 real estate prices. The majority of advanced economies saw home prices rise in 2017. Despite the increase, home prices in half of […]
