Most Canadian Real Estate Markets Fell From Peak, Down As Much As $355,000
Canadian real estate prices suffered another sharp drop in July, bringing markets as much as $355,000 lower than peak values.
This Week’s Top Stories: Canadian Real Estate Now Requires 64% of Income & “Excess” Demand Is Gone
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales When inflation is below target, a central bank will cut interest rates to help stimulate “excess” demand for goods. The excess demand is intended to over run the existing […]
Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales
The Bank of Canada’s low rate policy to drive inflation helped drive over 250k excess home sales over the past two years.
US Enters A “Housing Recession” As Sales Fall Back To May 2020-Levels
The US real estate market just went from hot to a recession in a matter of weeks. The National Association of Realtors (NAR) reported existing-home sales fell for a sixth consecutive month in July. Buyers are now buying the fewest homes since the start of public health measures. NAR even went so far as to […]
Canada’s Mortgage Mayhem From Higher Rates? It Was Just $61
Canadian mortgage rates are on the rise but the average household’s payment is growing only slightly faster than they were with low rates.
Canada’s Real Estate Bubble Is So Big Households Need 64% of Income For A Mortgage
Most of Canada couldn’t buy a home even if they wanted to. National Bank of Canada (NBF) is once again sounding the alarm on housing affordability. A typical home required nearly two-thirds of a household’s income just to service the mortgage payments in Q2 2022. The quarter saw the fastest erosion of affordability in 40 […]
Canadian Mortgages To Experience Less Payment Shock Than Some Countries: Fitch
Fitch Ratings data shows Canada’s world-class mortgage debt won’t be as vulnerable to rate shock as countries like Australia and the UK.
Canadian Real Estate Is Proving To Be A Story of Excess Demand: BMO
Canadian real estate sales are fading quickly as interest rates rise, proving this was an issue of excess demand from too much stimulus.
Canadian Real Estate Prices Fall Another $27k, Average Sale Now Negative Growth
Canadian real estate prices continue to grind lower as buyers sit on the sidelines. Canadian Real Estate Association (CREA) data shows the composite benchmark price fell in July. The price of a typical home fell for a fourth consecutive month, wiping out more than half the annual gain. Those massive surges in price we started […]
This Week’s Top Story: Canada’s Real Estate Bubble Eliminated By Data Revision & More Experts See Lower Prices
This week’s cheat sheet includes how Canada eliminated its real estate bubble with data revisions, and experts forecast bigger declines.
