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 […]
Canadian investment in building construction is soaring. Typically the leading indicator would mean a robust real estate market is coming. That may not be the case this time, according to Statistics Canada (Stat Can) data. Once the agency adjusts for inflation, investment in building construction contracts. The entire increase for investment (and then some) have […]
Toronto’s sky-high real estate prices might have turned into a hurdle for the city’s growth. Statistics Canada (Stat Can) released its 2021 population estimates for Toronto this week. For the year ending July 1, most of the city’s growth was seniors. Last year was a bit of an anomaly, that’s true. It’s not a new […]
Canadian real estate is being scooped up by investors with excessively cheap credit. Ownership data for residential real estate across four regions show a significant share owned by investors in 2020. What’s most impressive is how fast this trend must have accelerated. Cities have seen up to 90% of recently completed homes go to investors, […]
America’s largest bank is making a bold call for Canada’s central bank — it will raise rates within days. JP Morgan (JPM) economist Silvana Dimino shared their forecast for Canadian interest rates. JPM sees the Bank of Canada (BoC) hiking the overnight rate five times in 2022, sending it 500% higher. Most surprising is how […]
Canada’s largest cities are seeing the struggle to keep locals heat up, as small cities up their game… or big cities drive locals out. We unpacked the latest Statistics Canada (Stat Can) data for migration in 2021. The largest real estate markets are losing locals, and becoming dependent on immigration. Meanwhile, rural areas are gaining […]
Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]
The kings of Bay Street aren’t happy with Canada’s central bank, and they’re no longer holding back criticism. Four of the “Big Six” banks have recently urged the Bank of Canada (BoC) to raise the overnight rate. Another bank hasn’t urged action, yet. However, they’ve warned consumers of the risk of buying a home at […]
