[Video] How Long Will The Canadian Real Estate Correction Last, With BMO Senior Economist Robert Kavcic
Canada’s Young Adults Are Dumping Ontario For Alberta, BC, & Nova Scotia
Ontario real estate will rise forever, since young adults wouldn’t move, right? That’s not what interprovincial migration data from Statistics Canada (Stat Can) shows. We talked about Ontario’s record outflows in Q2 2022, yesterday. The demographic moving deserves a deeper dive though, and where they’re moving is an important point to consider. A perfect storm […]
Alberta Is Calling? Ontario Residents Are Fleeing The Province In Record Numbers
Ontario’s astronomical cost of living has residents fleeing by the tens of thousands. Statistics Canada (Stat Can) data shows interprovincial migration soar in Q2 2022. Ontario’s talent is fleeing to more affordable regions like Alberta and Nova Scotia. It’s so bad, a Big Six bank warned investors that immigration is having a harder time filling […]
Canada’s New Homes Are 80% More Likely To Be Landlord Owned Since 2001
Canadian real estate owners are doubling down on their windfall and becoming landlords. Statistics Canada (Stat Can) Census 2021 data reveals a boom in new homes used as rentals. Low rates have helped investors outcompete first-time homebuyers, as institutions have warned. New supply has seen the smallest share go to end users in decades, according […]
Over 1 in 4 of Canada’s Downtown Urban Homeowners Are In “Shelter Poverty”
Canadian real estate is some of the most expensive in the world, and incomes are struggling to keep up with it. Statistics Canada (Stat Can) Census 2021 data shows over a quarter of homeowners in urban downtowns are in shelter poverty. The term is used to define a household that spends more than 30% of […]
Canadian Mortgage Debt Is Slowing, But Growth Is Still Historically High
Canada’s mortgage debt boom is slowing but still remains historically elevated. Bank of Canada (BoC) data shows outstanding mortgage credit hit a new record in July. Higher interest rates are throttling growth, as they shrink borrowing credit capacity. Even so, annual growth is still at a level rarely seen outside of Canada’s frothiest market cycles. […]
This Week’s Top Stories: Canadian Real Estate Braces For Impact As Bay Street Warns of A Hard Landing
Forecasts no longer expect Canada to avoid a hard landing for the economy or real estate, as inflation sends internet rates soaring.
Brace For Impact, Because There’s No Retreat From A Hard Landing : BMO
BMO is warning Canadian investors that a hard landing is now unavoidable as interest rates are forced higher by inflation.
Canada Is Heading For A Hard Landing, Real Estate Prices To Drop 30%: Oxford Econ
Canada’s economy and real estate are in for a hard landing that kicks off within six months, warned Oxford Economics.
Canadian Real Estate Prices Just Made A Record Price Drop: Teranet-National Bank
Canadian real estate prices just made the largest monthly drop ever in the history of the Teranet-National Bank House Price Index.
