Hoping to win the title of being one of Canada’s highest-earning households? It’s an easier hurdle to clear than it used to be — though let’s be honest, it’s still difficult to cross. Statistics Canada (Stat Can) data shows the results of 2019 tax filings. The threshold for being a top-earning household made a small […]
Canadian investment in home construction is slipping and due entirely to housing. Statistics Canada (Stat Can) data shows building construction investment fell in September. This data is mostly based on building permits, providing insight into construction sentiment. Home building isn’t doing so hot — falling enough to be considered a technical crash. It fell so […]
A power struggle is quietly building at Canada’s largest real estate board. Brokers at the Toronto Regional Real Estate Board (TRREB) received an anonymous letter calling for an inquiry into its management. The letter claims the non-profit board is creating a for-profit entity without member approval. This lit up broker chats, which are rallying support […]
It’s widely known that Canadian real estate affordability is getting worse, but it’s hard to picture. The latest affordability report from National Bank of Canada (NBC) can help with that. They crunched the numbers on how long it takes to save for the minimum down payment on a non-condo home. As of Q3 2021, it […]
Australian lawmakers are learning how home prices have been inflated by money laundering. The Senate committee investigating the adequacy of anti-money laundering laws continues this week. A piece tabled is a study showing how high-profile individuals with questionable cash should have set off alarms. Instead, they were able to move millions of dollars of unknown […]
BC’s Inquiry Into Money Laundering might be wrapping up, but there’s still a lot of data to trawl through. One data set is from the Canada Border Services Agency (CBSA) and cash seized from travelers. Between April 2015 and March 2020, the agency seized well over $100 million in undeclared large cash holdings from travelers. […]
Commercial real estate has been in a bit of a rut and it looks like it’s not going to end as fast as some hope. Commercial real estate giant CBRE released its annual Tech 30 report. The firm’s assessment is these markets are in the middle of a contraction phase and have yet to stabilize. […]
Still think the Canadian economy isn’t ready for a rate hike? A new analysis from BMO helps to make a convincing argument otherwise. The Bank of Canada (BoC) last hiked the overnight rate when unemployment fell to the current rate. That was back in 2017, when the country’s interest rates were also double the current […]
The Canadian real estate market is forecast to be busy next Spring, but a hurdle just appeared. RBC Economics updated its forecast for the Bank of Canada (BoC) overnight rate in 2022. Canada’s largest bank sees inflation forcing the BoC to hike rates in April. In just five months, this would increase mortgage rates at […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks Moved $167 Million From Dodgy Sources, And Even Issued Mortgages We look at one exhibit from the Cullen Commission, BC’s Inquiry Into Money Laundering in Canada. Counsel found a family was able to move $132 million from dodgy sources without […]
