Top Stories

This Week’s Top Stories: Canada’s National Housing Agency Sees Falling Prices In Big Cities, and Ontario Sees Outflow of Residents

Time for your cheatsheet on this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Forecasts Price Drops In Toronto And Vancouver Canada’s national housing agency sees prices potentially falling in major markets. Toronto, Vancouver, and Montreal are all forecasted to be lower than they were last month. Some markets like Vancouver aren’t […]

Top Stories

This Week’s Top Stories: A Big Canadian Bank Forecasts The Largest Real Estate Price Drop In History, And Canadians Max Out HELOCs

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate National Bank Of Canada Forecasts Sharpest Real Estate Price Decline Ever One of Canada’s Big Six banks sees this real estate correction being the largest correction ever. National Bank of Canada is forecasting prices will decline 9.8% from late 2020 to […]

Top Stories

This Week’s Top Stories: Canada’s State-Owned Mortgage Insurer Warns Home Buyers To Remain Skeptical of Higher Prices, and Tightens Borrowing

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate CMHC Head Warns Homebuyers To Question Motives Of Those Saying Prices Will Rise The head of the CMHC is warning home buyers to be skeptical of anyone saying real estate prices will rise. He followed the warning with a series of […]

Top Stories

This Week’s Top Stories: Canadian Real Estate Prices Expected To Fall, and Banks Set Aside Billions For Losses

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate CMHC’s Canadian Real Estate Price Forecast Shows Big Drops In Ontario And BCCanada’s national housing agency gave a detailed breakdown of its real estate price forecast. Prices are expected to fall later this year, and continue into 2021. The forecast ends […]

Top Stories

This Week’s Top Stories: Canadian Mortgage Deferrals Soar, As Government Warns Young Homebuyers

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC Warns Canadians: “Support For Homeownership Cannot Be Unlimited” The CMHC, Canada’s national housing agency, had a warning for young homebuyers: Be realistic about your debt. As a cautionary tale, the agency’s CEO walked the federal government through a scenario […]

Top Stories

This Week’s Top Stories: Over 720,000 Canadians Are On Mortgage Payment Relief, and New Forecasts See Prices Making Double Digit Drop

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Make Double Digit Drop, Another Risk Agency Tells Institutional Investors DBRS, the credit rating subsidiary of Morningstar, sees rising defaults coming to Canada. The firm warned institutions and investors that mortgage arrears rates could triple, in […]

Top Stories

This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Make Big Drop, and 1 in 5 Canadian Businesses Laid Off More Than 80% of Staff

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Could Drop Up To 30%, Moody’s Advises Institutions Deep pocketed investors and institutions were advised Canadian real estate prices will fall. Moody’s, one of the world’s largest risk organizations, published their economic forecast. In the baseline forecast, […]

Top Stories

This Week’s Top Stories: Canada’s Largest Cities See Insolvencies and Unemployment Make Big Climbs

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Employment In Canada’s Largest Cities Is Worse Than It Looks The unemployment rate in Canada’s biggest cities is rising, but doesn’t capture how bad things are. In Toronto the unemployment rate reached 7.8% in March, up 11.42% from last year. This […]

Top Stories

This Week’s Top Stories: Canada’s GDP Is Expected To Make Biggest Contraction Since Great Depression, and Real Estate Buyers Barely Pause

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Parliament’s Forecast Includes Unemployment Peaking In Q3 Canadian parliament’s economic forecasts include unemployment rising even further. The PBO economic forecast currently sees 14.8%  unemployment in Q2, and the ratio peaking at 15% in Q3. At the end of last year […]