Canadian real estate is amongst the most expensive in the world, but it’s not due to materials or labor. RLB, a global consultancy for builders, released its annual North American construction guide for 2022. Major cities in Canada topped the list when it came to building cost growth. It’s not unexpected when Toronto is the […]
US housing is all of a sudden cooling very quickly. US Census data shows single-family home sales fell for a third consecutive month in June. The decline in sales helped to push new housing inventory to pre-pandemic levels. Prices are still elevated, but they did give back a significant amount of gains last month. US […]
Despite a booming US real estate market, foreign buyers have been sitting this one out. National Association of Realtors (NAR) data shows foreign buyers made a big drop in the year ending March 2021. The pandemic didn’t have much of an impact on budgets, but fewer buyers came to market. Foreign Buyers Spent 27% Less […]
About 6 years ago, deep-pocketed investors and institutions gathered at the Megatrends conference. Blackrock CEO Laurance Fink told them something that seemed unconventional in 2015. The two greatest stores of wealth internationally today is [one] contemporary art…,” said the $6 trillion asset manager. “And two… apartments in Manhattan, apartments in Vancouver, [and apartments] in London.” […]
Canada has lost the bragging rights to having some of the best cities in the world for livability. Economist Intelligence Unit (EIU) released their Global Liveability Index for 2021. New Zealand managed to claim the top spot, with Japan and Switzerland not too far behind. Canada dropped out of the Top 10 for the first […]
All but two U.S. real estate markets are seeing double-digit annual price growth. The S&P CoreLogic Case-Shiller Index shows February saw annual home price growth hit the highest level since 2006. Three of the Top 20 markets even hit an all-time record for home price growth. U.S. Home Prices Are Growing At The Fastest Rate […]
US Mortgage rates are climbing, and are up significantly from the record low a few weeks ago. Freddie Mac‘s Primary Mortgage Market Survey (PMMS) shows 30-year fixed mortgages hit a multi-month high for the week ending March 4, 2021. The lender said this is the highest average reading for the index since July. US 30-Year […]
An elite group of US economists are declaring a recession with just one quarter worth of data. National Bureau of Economic Research (NBER), a private organization of top economists is the pseudo authority on the US business cycle. The organization has declared the US economy began a recession in February. This marks the end of […]
Canadian real estate prices have been distorted by a massive overextension of credit. Just how bad has it become? The view is always tricky from inside the bubble, so let’s compare them to our neighbors down south. Comparing prices to the frothiest US cities, we can see how odd Canadian real estate has become. The […]
The glory days for Canadian real estate could be coming to an end, as China starts the year with surprising moves to control capital outflows.
