Canadian Real Estate Is Facing Disruption After 33 Years, With Mortgage Expert Ron Butler
Veteran mortgage broker Ron Butler drops some knowledge, and updates us with some on-the-ground market insights.
Canadian Building Intentions Remain Elevated, But Inflation Killed Growth
Canadian real estate developers are still pumping significant cash into building permits, but inflation is killing that growth.
This Week’s Top Stories: The World’s Largest Real Estate Bubble Is Crashing, & BoC To Hike Further
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Clear For Another Hike After Employment Boom: BMO Canada’s employment data is still coming in hot, with the economy adding 104k jobs in December. This drove the unemployment rate down to just 5.0%, only 0.1 points above the 50-year […]
Bank of Canada Clear For Another Hike After Employment Boom: BMO
Despite the gloomy outlook, Canada is still churning out hot employment data. Statistics Canada (Stat Can) data shows the economy added over 100,000 jobs in December. Along with higher participation, this helped drive the unemployment rate within spitting distance of the record. At least one Big Six bank sees another rate hike, with robust job […]
Toronto Real Estate Is The World’s Largest Bubble & It’s Officially “Crashing”
Toronto real estate was declared the world’s largest bubble by UBS just a few months ago, now prices are crashing.
Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning
Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]
Canadian Detached Home Prices Are Plummeting, Here Are The Hardest Hit Markets
Canadian real estate is in the middle of a price correction, and single-family homes have been hit hardest. Canadian Real Estate Association (CREA) data shows single-family homes, which include detached and semi-detached units, saw prices fall sharply in November. Virtually every market is now off its all time high, with the worst performing down nearly […]
Canadian Home Equity Loans Surged After Regulator Warnings
Canadian homeowners have been using their home equity to secure an alarming amount of debt. Filings with OSFI, Canada’s bank regulator, show the value of loans secured by housing continued to advance in October. Over the past year, growth of loans secured by home equity has surged at one of the fastest rates ever. It’s […]
This Week’s Top Stories: Canada’s Real Estate Bubble Is Popping After Unsustainable Growth
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Have Officially Crashed In 18 Markets Canadian real estate is spiraling lower as 18 markets enter a technical “crash.” Sharp corrections were in Oakville-Milton (-$398,700), Mississauga (-$286,000), and Cambridge (-$249,600). No need to panic—even with this pullback, prices […]
Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock
Overstimulated Canadian real estate buyers are no longer opting for variable rate mortgages. Bank of Canada (BoC) data shows mortgage borrowers preferred fixed rates in October. Most new borrowers had been opting for variable terms at the start of the year. That trend is rapidly shifting as rates normalize and fixed rates become cheaper. Canadian […]
