Toronto is one of the few real estate markets to buck the trend of fewer high rise cranes. Rider Levett Bucknall Crane Index (RLB), a global real estate advisory firm, released its Q3 Crane Index. The index shows North America saw the first decline of construction cranes in years. Toronto was a notable exception. The […]
Greater Toronto real estate continued its suburban winning streak. Toronto Regional Real Estate Board (TRREB) data shows aggregate price measures soared in September. The market isn’t quite so clear cut when dissected though. Most of the hot activity is in the detached home segment, which is seeing prices and sale volumes rip higher. Condo apartments […]
One of the world’s largest banks is seeing real estate bubbles across the world. UBS analysts published their 2020 Bubble Index, noting this many markets haven’t increased at once since 2006. In Canada, Toronto lost it’s spot as the world’s second biggest bubble to Frankfurt. Despite slipping in rank, the bank is noting fundamentals continue […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Buyers Trying To Walk Away From Purchases Become “Rampant” Canadian home buyers not delivering a downpayment after agreeing to buy a home is on the rise. A Greater Toronto broker is seeing an uptick of buyers not delivering […]
Canadian real estate buyers are starting to ghost sellers, after making offers. Marvin Alexander, president of Keller Williams Realty Centres, a Greater Toronto-based brokerage, notes an unusual uptick of buyers not delivering deposit cheques. He’s not alone. The broker is hearing similar stories from other brokerages across Greater Toronto, and suspects it might be a […]
Toronto condo rentals are seeing the most inventory in recent memory. Toronto Regional Real Estate Board (TRREB) data prepared by Toronto Realtor Daniel Foch shows rental inventory is still much higher than usual in September. Meanwhile absorption is failing to keep up, potentially explaining the abrupt rise of condos for sale. Toronto Condos For Rent […]
Canada’s robust population growth has been grinding to a halt during the pandemic. Statistics Canada (Stat Can) quarterly population estimate for Q3 2020 shows there is still a lot of growth. However, it’s a lot less robust than last year, and barely moved in the most recent quarter. In fact, the most recent quarter represented […]
Canadians love mortgage debt, and most households consider it low risk. However, they might love it a little too much. Mortgage debt has seen astronomical growth over the past couple of decades. This is often attributed to large economic growth, however the mortgage debt to GDP ratio shows that might be a fib. Canadian mortgage […]
Canadian mortgage debt is slowing in growth, after a surge at the beginning of the pandemic. Bank of Canada (BoC) data shows outstanding mortgage credit reached a new high in August. At the beginning of the pandemic, the rate of growth had accelerated due to payment deferrals. Deferrals are beginning to expire now, sending growth […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Moody’s Doubles Down On Forecast Of Canadian Real Estate Prices Falling Soon One of the world’s largest credit rating agencies confirmed an early forecast of falling home prices in Canada. Moody’s had expected government measures would delay any impact to home […]
