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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 […]

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This Week’s Top Stories: Canada’s Largest Bank Doubles Down On Price Drop Forecast, As Foreign Buyer and Vacant Home Taxes Arrive

Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Canada’s Largest Bank Says It’s Putting “Greater Weight” On Home Price Declines RBC’s chief risk officer has stated the bank is putting a “greater weight” on price declines. Canada’s largest bank reiterated they believe prices will fall around 8% at the national […]

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This Week’s Top Stories: Toronto Condo Prices Down By Tens of Thousands, and Vancouver Triples Vacant Home Tax

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canadian Real Estate Prices Surge In Growth… Except For Condos Canadian real estate prices have been rising rapidly… except for condo apartments. The aggregate benchmark price of a home hit $643,000 in October, up 10.86%. Breaking it down by major segments, […]

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This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall Next Year, and Debt Problems To Get Worse

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions A Bay Street firm is warning institutional clients of falling real estate prices. The firm’s latest model suggests prices may fall up to 11% at the national […]

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This Week’s Top Stories: Canadian Real Estate Buyers Plunge Underwater, and Toronto Prices Make A Sharp Drop

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate CMHC Warned Buyers Not To Buy A Condo. Some Are Now Officially Underwater People that bought a condo after the pandemic was declared aren’t doing so hot. Across Greater Toronto, buyers of a benchmark condo in April have seen the minimum […]

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This Week’s Top Stories: Canada’s Biggest Bank Sees Mortgage Defaults Next Year, and Condo Listings Soar In Toronto

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate RBC Forecasts Canadian Mortgage Defaults Will Start Rising Next Year Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, […]

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This Week’s Top Stories: Canada’s Largest Bank Expects Mortgage Defaults To Soar, and First-Time Buyers Approach Negative Equity

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Condo Buyers At The Beginning Of The Pandemic Now Nearly Underwater Canada’s state-owned mortgage insurer warned first-time buyers to be careful at the beginning of the pandemic. Now buyers that ignored the advice, are finding out what they were talking […]

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This Week’s Top Stories: Canadian Real Estate Sees A “Crisis,” and A Swiss Bank Says Toronto’s Bubble Is Getting Worse

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Why Canada’s Condo “Insurance Crisis” Should Make Investors Nervous The Canadian insurance industry is discussing a coverage “crisis” coming to condos. Due to rising replacement values, and smaller margins, insurance companies are dropping coverage. This comes while demand for this type […]

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This Week’s Top Stories: Canadian Real Estate Buyers Aren’t Delivering Down Payments, and Toronto Condo Rental Inventory Climbs

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Buyers Trying To Walk Away From Purchases Become “Rampant” Canadian home buyers not delivering a downpayment after agreeing to buy a home is on the rise. A Greater Toronto broker is seeing an uptick of buyers not delivering […]