Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ Macroeconomics firm Oxford Economics warned clients that Canada’s recession is here. They believe home prices will fall 30% from peak-to-trough by next year, wiping out most growth. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68% Canadian mortgage lenders are reporting significantly higher average loan losses. The average loss reached $96,000 in Q3 2022, up a whopping 68.4% (US$39,000). This indicates liquidity is falling for sellers, which […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023? Was it reckless for the Bank of Canada (BoC) to tell households that interest rates will be low until 2023? Yes. Central banks are supposed to be responsive […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Recent Real Estate Buyers Weren’t Stress Tested For Mortgages Rates This High Canada’s real estate industry complained about mortgage stress testing being too burdensome. However, the current data shows it may have been insufficient. BMO Capital Markets warns a significant share […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Wealth Boom Is Over, Expect $1.6 Trillion In Losses: RBC Canadian real estate values soared over the past few years, helping to drive wealth. However, now that we’re past peak — RBC sees housing pulling wealth back. The […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto Is The Biggest Real Estate Bubble In The World, Vancouver 6th: UBS Swiss mega-bank UBS published its annual Global Real Estate Bubble list, and two Canadian cities were prominently featured at the top. Toronto real estate has officially taken the crown […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Heading For A Recession, Financial Crisis Can’t Be Ruled Out: Oxford Econ The Canadian economy is heading for a recession and it doesn’t have much room to save itself, according to macro research firm Oxford Economics. They see a recession […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Alberta Is Calling? Ontario Residents Are Fleeing The Province In Record Numbers Ontario is seeing residents flee in record numbers these days. Nearly 125,000 Ontario residents left for new provinces in the year-ending Q2 2022, up 54.7% and a new record. Adjusting […]
Forecasts no longer expect Canada to avoid a hard landing for the economy or real estate, as inflation sends internet rates soaring.
Canada’s large banks warn an “enormous” shock to real estate is coming, and a hard landing will start as early as this year.
