This week’s top stories include a “Big Six” bank warning Canada’s real estate correction is just getting started & big inflation revisions.
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales When inflation is below target, a central bank will cut interest rates to help stimulate “excess” demand for goods. The excess demand is intended to over run the existing […]
This week’s top stories include RBC calling the deepest correction for Canadian real estate in a half-century, and small towns are booming.
Canadian real estate is much worse than thought according to a Big Six bank, and investors bought most new condos.
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Expected To See A “Historic Correction,” Biggest Drop Ever: RBC Canada’s largest bank feels we are in the middle of a “historic correction.” RBC said the housing downturn is much faster and deeper than expected. Consequently, they’re downgrading their […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Bubble Was Just Delivered Its Final Blow: BMO Canadian real estate costs just blew past the 80s bubble when it comes to payments. BMO estimates the average home in Ontario required $3,000/month in payments to carry the mortgage. […]
Global Real Estate Pandemic Real Estate Boom Due To Cheap Debt, Not Lack of Supply: US Federal Reserve It’s the credit, stupid. That’s basically the conclusion from a US Federal Reserve Board staff paper. The paper examined the price levers that have made home prices move, both from a supply and demand angle. Paying special […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Are On Track To Drop $68k By Mid-Summer Higher interest rates have knocked the exuberance out of Canadian real estate. The sales to new listings ratio (SNLR) historically has led annual price growth by 3 months. It’s so […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Cooldown Is Just Getting Started: BMO Slowing Canadian real estate sales are dragging renovation spending lower. An analysis from BMO Capital Markets shows renovation retail spending has begun to fall. Both segments are still elevated but rate hikes are […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate’s Nearly 40-Year Tailwind From Lower Rates Is Reversing: BMO The low rate tailwind boosting Canadian real estate over the past 40 years is coming to an end. The Bank of Canada estimates recent buyers will be renewing mortgages around […]
