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This Week’s Top Stories: Half of Canada’s GDP Growth Is Real Estate and Construction, and A Big Bank Sees Vulnerabilities

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate RBC: Toronto And Vancouver Real Estate Construction “Significantly” Outside Norm Canada is building a lot of houses, while unaffordability rises across the country. RBC Economics notes the building is a potential vulnerability. Same with the lack of affordability, which the bank […]

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This Week’s Top Stories: Toronto and Vancouver New Home Sales Are Slower Than Usual, and HELOC Debt Jumps

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate National Bank Of Canada: Don’t Take Real Estate Price Increase As A Sign Of “Vigour” Canadian real estate prices made a small increase, but NBC warns it’s not the sign of “vigour” you may think. National prices increased 0.76% in June, […]

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This Week’s Top Stories: Over Half of Toronto and Vancouver Can’t Afford A One-Bedroom Rental, and Foreign Buyers Are Disappearing

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Make A Small Gain, Weighed Down By Vancouver Canadian real estate sale made a small climb this year. There were 47,755 sales according to CREA, up 0.30% from last year. The number is higher than the […]

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This Week’s Top Stories: Canadian Non-Bank Mortgage Lenders Had Over 34,000 Late Mortgages, and Housing Starts Hit A Multi-Year High

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Ontario Loses Over 5,000 Real Estate Jobs, BC Hits New All-Time High Real estate sector jobs made a minor movement on a national scale, but there’s a major shift on a regional basis. FIRE seasonally adjusted employment fell to 1.193 […]

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This Week’s Top Stories: Canada Loses 11,000 Construction Jobs, and Over 1 In 10 Canadians Fall Behind On Debt Payments

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Lost 16,000 Jobs In May, Over 11,000 Were In Construction Canadian job numbers made an unusual decline in May, mostly due to a drop in construction. ADP employment numbers dropped to 16,519,461 jobs in May, down 0.10% from the […]

Top Stories Toronto

This Week’s Top Stories: Canadian Real Estate Price Growth Dwarfs US Cities, and HELOC Debt Hits A Milestone

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Price Growth Looks Absurd When Compared To Bubbly US Cities Canadian real estate prices made such a large move since 2000, the growth dwarfs even the frothiest of US cities. Toronto, Montreal, and Vancouver have seen real estate […]

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This Week’s Top Stories: Canadian Banks Prepare For Household Vulnerabilities, As Real Estate Debt Tops Record High

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Debt Hits A New Record, $1.56 Trillion Outstanding Canadian mortgage debt reached a new all-time high. There was over $1.56 trillion in mortgage debt outstanding in April, up 3.2% from last year. While there is some growth, it’s extremely […]

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This Week’s Top Stories: Canada Is Crowned The King of Unaffordable Real Estate, and New Condo Prices Hiccup In Toronto

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Housing Is The Least Affordable In The World… For Local Incomes Canadian real estate prices are the least affordable of advanced economies. Canada’s house price to income ratio reached 122.9% in Q4 2018, up 2% from the year before. […]