The Canadian real estate slowdown is becoming a drag on gross domestic product (GDP). Statistics Canada (Stat Can) data shows the GDP sector of real estate, rental and leasing (RERL) fell in April. The decline is the first move lower in five months, due to a drop in revenues at real estate brokerages. That would […]
Canada’s money printer is still going brrr at a rate not seen in decades, but it’s starting to slow down. Bank of Canada (BoC) data shows the rate of growth for the M2++ is now past its peak as of April. The broad measure of the country’s money supply is a leading indicator for inflation. […]
Remember that time the head of Canada’s central bank said the housing bubble was good for the economy? Soak it up, because that may be the last time it ever happens. The Bank of Canada (BoC) finished its technical report on the Terms-of-Trade Economic Model (ToTEM). The model, which is used by the BoC as […]
Canadian home prices are so giant, just the down payment is now prohibitively large. Data from mortgage tech firm LowestRates.ca shows the average down payment by province. Building on their proprietary data, they estimate the amount used as a down payment to buy. The firm found BC has the largest average of any province, coming […]
Canadian home prices are booming in secondary markets — maybe a little too much. Canadian Real Estate Association (CREA) data shows secondary cities outperformed majors in May. This has led to a much smaller price gap between secondary and primary real estate markets. We crunched the numbers for Toronto and Vancouver, finding the gap is […]
Oil prices are soaring with other commodities, and it can lend a big boost to Calgary real estate. Maybe. That’s the take from BMO senior economist Douglas Porter, in his latest Capital Markets’ research note. Calgary real estate prices recently started climbing, but still lag national price growth. Historically the region underperformed during periods where […]
Canadian home sales are sliding lower across the country, and new homes aren’t immune to the dive. The absorption of newly-built and priced homes slipped in April, according to the CMHC. The good news is the most popular purchase price range for new homes is lower than you think it is. The bad news is, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Property Bubble Is Now The Second Biggest In The World: Bloomberg Bloomberg ranked the world’s largest real estate bubbles, with Canada taking second spot. Topping the list was New Zealand (#1), Canada (#2), and Sweden (#3). The UK (#5) and […]
Canadians have no problem borrowing money, they just won’t do it for anything but a house. Bank of Canada (BoC) data shows household credit reached a new record high in April. The rate of growth was the fastest seen in nearly half a decade. Canadian housing mania has few people spending on anything but a […]
Canadian homebuyers are soul searching, and asking a higher power for advice — Google. Google has seen a surge of search activity for the question, “Should I buy a house?” The question peaked in activity in April, the month after record home sales. It made an abrupt drop the next month, after home sales fell […]
