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 […]
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 […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Vancouver Real Estate Is No Longer The Country’s Most Expensive Market The price of a typical home across Canada is getting cheaper for the first time in years. The benchmark price across the country fell to $624,400 in May, down […]
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 […]
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. […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Bank Of Canada Staff Warn Home Equity May Be Concealing Financial Distress Bank of Canada staff have released an analytical note, examining new home equity data and its growth. Stand-alone home equity line of credit (HELOC) debt fell to $63 billion […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Money Laundering Provided 1 In 20 Dollars For BC Real Estate The Government of BC found extensive money laundering is occurring across the province. A paper released by the province estimates $7.4 billion in laundered funds entered BC in 2018, with […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Are Placing Absurd Price Premiums On Condos Toronto and Vancouver property assessments place a huge premium on condo apartments. Toronto apartments have a median assessment value of $457 per square foot (PSF) in 2018, 32% higher than […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate How A Little Money Laundering Can Have A Big Impact On Real Estate There’s no way there’s enough money laundering in Canadian real estate to affect prices, right? We take a dive through how asset prices are born, and how […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadians Used Over $298 Billion In Home Equity To Secure Loans Canadians are still using their homes as ATMs. Filings from regulated banks show over $298 billion in loans were secured by homes in February, up 5.4% from last year. […]
