Canadian Real Estate Fueled By Pre-Approvals, “Enormous” Shock Coming: BMO
Canadian real estate will see a second shock as mortgage pre-approvals secured at much lower rates fade, according to BMO.
Canada’s Worst Performing Real Estate Markets Are Toronto and Its ‘Burbs: BMO
Canada’s best performing real estate markets during the boom were in Southern Ontario, and now they’re the worst performing.
Canadian Real Estate Prices Are Back To November 2021, Down Over $100k Since Peak
Canadian real estate prices are now back to the lowest level since November 2021, with annual growth likely to turn negative soon.
The Bank of Canada Front-Loading Won’t Guarantee A Soft-Landing: RBC
RBC no longer sees a soft-landing as a possibility, and now expects a moderate recession will kick off as early as the end of this year.
Canadians Saw Their Net Worth Fall By Nearly $1 Trillion, Biggest Drop In History
Canadian households saw their net work drop by $1 trillion in Q2, the largest quarterly decline in history.
Canada’s Household Debt Ratio Is Climbing Once Again, Here’s Why It’s A Problem
Canadian household debt is climbing much faster than income, and that’s going to limit their ability to respond in a crisis.
This Week’s Top Stories: Canada’s Hard Landing, and The BoC Calls Real Estate Unsustainable
Top stories in Canadian real estate include a hard landing for the economy, and real estate’s unsustainable growth according to the BoC.
Bank of Canada and US Fed Interest Rate Forecast Gets An Upward Revision At BMO
BMO is hiking its interest rate forecast for Canada and the US by 25 basis points, on news of strong data and stubborn inflation.
Canadian Employment Fell As Young Adults Bear Most Job Losses While Seniors Gain
Canadian employment fell once again in July, falling for a third consecutive month. The unemployment rate also jumped, but remains low.
Inflation Is Still Rising, Real Estate Was Unsustainable: Bank of Canada
Canadian real estate was unsustainable and inflation is still rising, warned the Bank of Canada in a statement following rate hikes.
