Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages The Government of Canada (GoC) plans to spend a whopping $30 billion to support its mortgage market this year. March marked the second month of its buying spree, spending roughly […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Wealth Driven By Housing, Outpaced Income Up To 13x: RBC Canadian wealth is driven by housing and it’s creating a wealth gap that may be permanent. An analysis from RBC shows nearly half of household wealth has been driven by housing—almost […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Premier’s Company Quietly Sold A $6.75m Property, Flipped Months Later A company associated with Ontario’s Premier quietly sold a pricey piece of land. The industrial property in West Toronto went for $6.75 million, a premium compared to comps. The buyer didn’t […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall Even In Optimistic Scenario: Scotiabank One of Canada’s largest banks doesn’t see rate cuts boosting home prices by next year. Scotiabank’s forecast, filed with its recent earnings report, shows prices falling by next year. Even in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Just Saw The Largest Foreign Investor Sell Off Ever Canada’s stock markets have been left out of the global boom in equities. Rather than buying everything in sight, investors have been dumping their Canadian holdings. Now we finally know who’s selling—foreign […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Supply Targets Don’t Make Sense, “Will Never Be Hit”: BMO Canadian new housing starts are robust but will never hit “dreamt up” targets from policymakers. That was the take from BMO, one of the country’s largest banks, which points to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Rate Falls, Potential Set Up For Further Rate Hikes Canada’s unemployment rate bucked expectations and fell for the first time in a year. The unemployment rate dropped 0.1 points to 5.7% in January, with some caveats. Despite less than flattering […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Vancouver Laundering Model That Inflated Home Prices Moves To Toronto Greater Toronto is increasingly showing signs a money laundering technique known as the “Vancouver Model” has moved there. A casino was hit with an $80k anti-money laundering fine after a patron flagged […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble Is Batsh!t Crazy Compared To Other G7s Canadian real estate prices are moving like nothing else in the developed world. New data from the US Federal Reserve shows Canadian home prices have risen much faster than any other […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Falling Behind, US Growing 10x Faster Per Capita Canada might have been making headlines for its population-driven growth. However, that’s looking at aggregate GDP, which fails to adjust for population growth. Looking at GDP per capita reveals households are falling […]
