Canadian inflation is rising at the fastest pace in decades, but at least it’s just transitory… maybe. Statistics Canada (Stat Can) latest consumer price index (CPI) numbers show a big jump in prices for April. The sentiment shared between the Bank of Canada (BoC) and Stat Can is, this is just temporary. However, much of […]
Canadian new housing starts made a sharp decline, which normally is a red flag for the economy. BMO senior economist Sal Guatieri said April’s numbers may not be the traditional leading indicator though. He argues there are a few factors that make this time different. I feel like I’ve heard this about another country before. […]
Canada’s condo market has set off some alarms, but everyone is busy watching the dumpster fire down the street. BMO senior economist Robert Kavcic highlighted condo price growth last month. Price growth didn’t just hit a multi-year high for annual growth. Growth over the past 3 months showed one of the fastest price accelerations in […]
Canadian real estate has been showing surging price growth, and it appears to be a direct reflection of buyer sentiment. A recent real estate survey was conducted by Ipsos, and commissioned by TD Bank. The survey found a large number of Canadians are willing to pay over ask, and engage in bidding wars. A separate […]
Canadian real estate prices are still rising, but showing some signs of moderation. That was RBC senior economist Robert Hogue’s take on April home sales. While he sees big price growth to continue near-term, he’s also seeing a fast-changing market. Many of the factors that heated up the market, are beginning to ease just as […]
Toronto and Vancouver are both seeing an unusual surge of insolvency filings. Office of the Superintendent of Bankruptcy Canada (OSB) filings show a huge jump in March. Insolvencies, both bankruptcies, and consumer proposals, hit the highest level since the pandemic. Toronto Insolvencies Jump 22% In March Toronto insolvencies made an abrupt jump, claiming the biggest […]
Canadian real estate sales may be slowing, but home prices are still rising at a mind-blowing rate. Canadian Real Estate Association (CREA) data shows the benchmark, or typical home, price hit a record in April. There was a little more inventory last month, but that didn’t do much to slow price growth. A typical home […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Only Canada’s Top 5% Of Households Could Qualify For A Mortgage On A Home: NBC Canadian home prices are rising so quickly, very few people could qualify for a typical home. The minimum qualifying income in the country reached $130,921 for […]
We’re all in this together. Okay, we weren’t in it together — but we’re really sorry about one of the greatest transfers of wealth in history. That was the takeaway from a Bank of Canada (BoC) speech earlier this week, by Governor Tiff Macklem. In a totally not ironic speech on inequality, he suggested quantitative […]
We’ve all heard it. Everyone’s friend has a friend, that’s making a buttload flipping Toronto real estate. Considering the benchmark home price jumped $155,100 over the past year, flippers must be rolling in cash. Diving through April sales data, flippers definitely make up a big chunk of listings. While they’re making decent money, they aren’t […]
