Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Unemployment Is 55% Higher Than G7 Average: OECD Canada has the fastest growing real estate prices in the G7… and the highest level of unemployment. The country’s rate is now 9.4% in January, up 67.86% from the same month last […]
Thousands of Toronto’s short-term rental investors may call it quits. An Ipsos Survey, commissioned by the Toronto Regional Real Estate Board (TRREB), shows how investors plan to navigate the city’s new short-term rental rules. Only a third feel their investment won’t be impacted by the new rules. The remainder either plan on selling, or finding […]
Canada was a place where kids can do much better than their parents, but that’s not so much the case now. A new Statistics Canada (Stat Can) study on Intergenerational Income Mobility and Income Inequality in Canada was published this week. Canada used to be a place with a low level of inequality, where kids […]
Canadian unemployment is world class amounts of bad, but it’s even worse if you’re a young person in the country. OECD data shows the rate of unemployment amongst member states. Canada is currently a big stand out, with the highest rate amongst G7 countries. The unemployment trend isn’t evenly spread out though, with young people […]
Greater Toronto real estate entered another cheap credit fueled buying frenzy. Toronto Regional Real Estate Board (TRREB) data shows home prices made a sharp increase in January. The market frenzy wasn’t evenly distributed though, with the suburbs outperforming the city. Detached real estate also saw most gains, making astronomical price increases. Meanwhile, condo apartments haven’t […]
Canada’s “economy” is recovering faster than expected, but employment is lagging. The Organization for Economic Co-operation and Development (OECD), a group promoting trade between 37 advanced economies, published the latest unemployment rates for member countries. The data shows Canada is significantly behind its G7 peers, with only a few OECD countries worse off. Canada is […]
The majority of Toronto’s real estate investors are looking to cash in. A Toronto Regional Real Estate Board (TRREB) survey, conducted by Ipsos in Fall 2020, shows most investors are looking to sell in the next year. This is a record number considering cashing in on their gains. It’s not just the pandemic though, only […]
Canada’s national statistics agency reported real estate prices made the biggest gain in years — during a pandemic. Statistics Canada (Stat Can) data shows real estate prices increased in Q4 2020. The rise was the biggest since 2017, and is being attributed to low interest rates. The data is consistent with local real estate boards, […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Buying A Typical Home In Canada? Cities Now Require Incomes Of Up To $230,000 Buying a typical home across Canada is now out of reach for many, especially if it’s where the jobs are. A typical non-condo apartment in Toronto, requires […]
Mortgage rates might be low, but nosebleed home prices still make payments difficult. National Bank of Canada (NBC) data shows the household income required to carry a mortgage on a typical home in Q4 2020. The numbers in some regions are staggering, before even considering downpayments. In Toronto or Vancouver, the middle class can no […]
