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 […]
The Canadian economy is picking up speed, and so is the number of consumer insolvencies. Office of the Superintendent of Bankruptcy (OSB) data shows March saw a sudden increase in filings. The unexpected monthly increase was the biggest in almost a decade. Consumer insolvencies are now at the highest level since the pandemic first began. […]
The number of Canadians expecting home prices to grow is falling very quickly. BMO senior economist Robert Kavcic weighed in on the latest home price growth sentiment. The expectation of growth is beginning to fall nearly as fast as it grew. While it doesn’t mean lower prices (yet), it shows attitudes supporting these price levels […]
