Canadian real estate is now some of the most expensive in the world. Home prices across the country, not in pricey hubs, are now comically overvalued. At this point, not even a major housing crash can restore affordability. Many think this is pandemic-related, but overvaluation has long been a concern. For at least a decade, […]
Canada’s central bank is preparing to raise rates, and everyone is trying to guess what this means. The BC Real Estate Association (BCREA) is the latest to forecast the impact of a rising overnight rate. If the Bank of Canada (BoC) hikes as expected, BC home sales will see a modest decline. Home sales are […]
It might not seem like it, but Canadian real estate is in the middle of one of the most significant supply booms ever. Canada Mortgage and Housing Corporation (CMHC) data show 2021 housing starts made a big jump. More importantly, the surge of new home construction is beginning to reach the market. New home completions […]
Canadian real estate prices are likely to get a bit of a chill by the end of the year. BMO believes the surge in home prices at the end of 2021 was due to a low overnight rate, which failed to move with the bond market. As a result, rising fixed income mortgages showed little […]
Canadians are hoarding mortgage debt like it’s toilet paper and a pandemic just broke out. Bank of Canada (BoC) data shows seasonally adjusted mortgage credit hit a new high in November. That statement may not be as impactful as it used to be — it has printed a record high for more than 250 consecutive […]
Canada’s central bank has been going Brrr, and it’s not because of the frigid winters in Ottawa. Bank of Canada (BoC) data shows that the money supply is still expanding rapidly in October. The M2++ money supply hit peak annual growth last year, reaching the highest level since the 1980s. The latest numbers show over […]
Canada’s central bank is quickly losing credibility, according to its survey. The Bank of Canada (BoC) Business Outlook Survey (BOS) for Q4 2021 shows businesses expect high inflation for years. Elevated expectations show they don’t see the BoC in control of its inflation mandate. As a result, most businesses are preparing to raise wages higher […]
Canada’s monetary policy is too loose, and tightening is the simplest way to correct it. That’s the gist of the latest research note from the Bank of Montreal (BMO). Senior economist Robert Kavcic notes the current market is more frenzied than anything else in Canadian history. He sees Ottawa using a rate hike to cool […]
Canadian home prices are soaring as easy credit continues to drive excess demand. The Canadian Real Estate Association (CREA) data shows real estate prices ripped higher in December. Prices are now showing the fastest annual growth ever, with few signs of slowing down. The recent acceleration in price growth shows the annual rate may rise […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Bank Of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan One of the world’s largest banks is making a bold call — the Bank of Canada will raise interest rates this month. JP Morgan sees […]
