Greater Vancouver real estate is soaring, but it’s uneven across the region, and all segments. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally advanced in December. Suburban homes represented most of the price gains. The City’s condo apartments even continued to see price growth decelerate. Greater Vancouver Real Estate Prices Rise 5.5% […]
Canada’s central bank has finally stopped juicing the mortgage market… or at least it’s taking a break. Bank of Canada (BoC) data shows December was the first ever drop in the amount of Canada mortgage bonds (CMBs) held. It’s too early to tell if it’s just temporary, or if it’ll start again. If the buying […]
Canadians act cheery, but most are feeling a big drop in the quality of their life during the pandemic. A Statistics Canada (StatCan) analysis shows how the average person’s life satisfaction has changed between 2018 and 2020. The agency found polarization in scores – a higher level at the top and bottom, with less middle […]
Canadians are falling behind on their rent. A lot of them. Canada Mortgage and Housing Corporation (CMHC) data shows rent in arrears at purpose built rentals in 2020. Over 125,000 Canadians were behind on rent in October, with almost a third located in Toronto. Despite the large number, it likely only represents a fraction of […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Real Estate Prices Are High Because Canadians Want To Pay More, Says BMO Economist A Big Six bank believes they figured out why Canadian real estate prices are high – buyers want them to be. BMO’s latest analysis shows Canadian homeowners […]
Households in Canada’s largest real estate markets are big premiums to own. Canada Mortgage and Housing Corporation (CMHC) analysis shows the gap between the cost of owning and renting in 2020. Carrying costs in the largest market are now almost double that of paying rent. That isn’t a general rule though, with some markets cheaper […]
Greater Toronto real estate buyers are paying massive premiums to own. Canada Mortgage and Housing Corporation (CMHC) data shows 2020 rental data. The organization observed, despite more rental vacancies, rents are still rising. More interesting though, they observe that apartment buyers are paying very large premiums for a shot at making big money. Toronto Rental […]
Canada’s lofty disposable income growth made a sharp pull back in Q3 last year. US Federal Reserve data shows real disposable income generally improved in the latest numbers. Canada was a notable exception, making a sharp quarterly drop. Even with the drop, the country manages to squeeze out the biggest gains of any country since […]
Canada’s job losses varied by educational attainment according to Statistics Canada (Stat Can) data in December 2020. The stats show those with the least amount of education, exited the workforce in the greatest number. The number of people employed with university degrees, actually climbed during the period. Canadian Jobs Are Down Significantly Since The Pandemic […]
One of Canada’s Big Six banks thinks it cracked the real estate price situation. BMO’s chief economist, Douglas Porter, wrote a recent analysis on the gap between Canadian and US home prices. As recently as 2017, he maintained many markets were in a bubble. However, he’s come to embrace the lack of affordability. The noted […]
