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This Week’s Top Stories: Canadian Unemployment Tops G7 Along With Real Estate Price Growth, and Toronto Investors Look to Exit

Time for your cheat sheet on this week’s most important stories.   Canadian Real Estate Canadian Unemployment Is 55% Higher Than G7 Average: OECD Canada has the fastest growing real estate prices in the G7… and the highest level of unemployment. The country’s rate is now 9.4% in January, up 67.86% from the same month last […]

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This Week’s Top Stories: Toronto and Vancouver Real Estate Out of Reach For Local Incomes, and Tens of Thousands Are Behind on Rent

Time for your weekly cheat sheet on this week’s top stories.  Canadian Real Estate Buying A Typical Home In Canada? Cities Now Require Incomes Of Up To $230,000 Buying a typical home across Canada is now out of reach for many, especially if it’s where the jobs are. A typical non-condo apartment in Toronto, requires […]

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This Week’s Top Stories: Bank Suggests Canadians Prefer To Pay More For Real Estate, and Condo Owners Pay Up To 87% More To Not Rent

Time for your weekly cheat sheet on this week’s top stories.  Canadian Real Estate Real Estate Prices Are High Because Canadians Want To Pay More, Says BMO Economist A Big Six bank believes they figured out why Canadian real estate prices are high – buyers want them to be. BMO’s latest analysis shows Canadian homeowners […]

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This Week’s Top Stories: Canadian Real Estate Prices Increase Over 25x The Rate of US Home Prices, and BoC Sees “Gradual” Softening

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate  Canadian Real Estate Prices Grew Over 25x Faster Than U.S. Prices Since 2005 Poor policy choices have led to a comically large gap between Canadian and US home prices. Canadian home prices generally move in line with US home prices, but […]

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This Week’s Top Stories: Canadian Mortgage Lenders Set Aside Record Cash For Bad Loans, While The Economy Becomes More Real Estate Dependent

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada’s Mortgage Lenders Have Set Aside A Record Amount For Bad Loans Canada’s mortgage lenders are setting aside a record amount of money for bad mortgages. The loss allowance at large lenders reached $3.9 billion in Q3 2020, up 54.11% from […]

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This Week’s Top Stories: Toronto and Vancouver Condo Buyers Hit With Big Losses, While Severe Delinquencies Rise

Time for you cheat sheet on this week’s most important stories. Canadian Real Estate  Toronto And Vancouver Condo Buyers Warned By CMHC Still Getting Slaughtered   The CMHC was totally wrong about the market. Or were they? It turns out a typical first-time condo buyer in Toronto and Vancouver have taken a big hit. Those […]

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This Week’s Top Stories: Bank of Canada Sends Home Sales Soaring, While Mortgage Defaults Rise In Toronto and Vancouver

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Toronto And Vancouver See Mortgage Delinquencies Rise To Highest Level Since 2016 Canadian mortgage delinquencies are flat, but it’s a little more interesting by city. At the national level, the rate of delinquency hit 0.3% in Q3, flat from the previous […]

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This Week’s Top Stories: Canada’s Real Estate Industry Forecasts Soaring Prices, And Toronto Lags Cottage Country

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canadian Real Estate Industry Forecasts Prices Rising Over 9% Next Year Canada’s real estate industry is forecasting lofty price gains next year. The Canadian Real Estate Association (CREA) is forecasting an average national sale price of $620,404 in 2021, up 9.1% […]

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This Week’s Top Stories: More Firms Forecast Canadian Real Estate Prices Will Fall, Banks Drop More Office Space, and Mortgage Defaults Rise

Time for your weekly cheat sheet on this week’s top stories.  Canadian Real Estate Fitch, Another Big Three Credit Agency, Forecasts Falling Canadian Real Estate Prices Another big global credit agency sees Canadian real estate prices falling next year. Fitch Ratings, see prices dropping up to 5% at the national level in 2021. The decline […]

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This Week’s Top Stories: Canadian Banks Forecast Falling Real Estate Prices, and Mortgage Defaults Rise

Time for your cheat sheet on this week’s more important stories.  Canadian Real Estate RBC’s “Worst Case” For Canadian Real Estate Is A Price Drop Of Nearly 30% Canada’s largest bank’s risk scenarios show a larger downside than upside for real estate. RBC’s best cast scenario shows Canadian real estate prices rising 6.1% over the […]