Vancouver Detached Real Estate Sees Worst Q1 Sales In Over 27 Years… Prices Still Climb
Vancouver detached real estate prices are near all-time highs, despite producing the worst first quarter of sales in over 27 years.
The Canadian Government Used “Fake News” To Drive Real Estate Borrowing… Seriously
Canadians have been addicted to debt for quite some time, especially when it comes to real estate. So why is the Government of Canada paying hundreds of thousands to discreetly distribute ghost-written articles on how to take out more debt? Ottawa-based Blacklock’s Reporter took a dive through government contracts for over half a million dollars, […]
This Week’s Top Stories: Nearly Half of Toronto Condo Investors Have Negative Cash Flow, and Canadian Prices Are Making Recession Like Moves
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Teranet: Canadian Real Estate Prices Stalled For The First Time Outside Of A Recession The Teranet-National Bank HPI made some unusual moves in March. The composite index was virtually flat, when compared to the month before. Additionally, only 4 out of […]
Teranet: Canadian Real Estate Prices Stalled For The First Time Outside of A Recession
Analysts from Teranet and the National Bank of Canada are noting unusual movements in the Canadian real estate market. Data shows the market has made two movements, not seen outside of a recession.
Here’s How Much Toronto Real Estate Needs To Rise For Investors To Break Even
Almost half of Toronto condo investors are committing to negative cash flow, according to a CIBC Economics study. One of the city’s most prominent mortgage brokers pointed out, this is a disaster in the making. If you can’t make the deal work at an all-time low for interest rates, when can you make it work? […]
Experts Predicted A Mortgage Boom At Canadian Credit Unions. That Isn’t Happening
Canadian real estate experts assumed people would start getting mortgages at credit unions, to skip the stress test required at banks. Bank of Canada numbers show there really isn’t much more demand than usual.
Toronto Real Estate Is Seeing Detached Prices Climb, But Still In Correction Territory
Toronto real estate is seeing detached prices climb for a second consecutive month. Toronto Real Estate Board (TREB) numbers show prices inched higher in March. Even with the climb, prices are lower than last year, as declining sales and rising inventory continue to release pricing pressure. Greater Toronto Detached Prices Are Down Over 6% Toronto’s […]
CIBC: Over 44% of Toronto Condo Investors Don’t Get Enough Rent To Cover The Mortgage
CIBC Economics crunched the numbers on Greater Toronto condo investors, and found that nearly half collect less rent than the required mortgage payments. Most are still making money.
This Week’s Top Stories: The Canadian Government Wonders How You Got That Mortgage, and US Real Estate Has Finally Recovered
The Canadian government is a little worried how the person that sold you that mortgage presented it, and US real estate prices have finally recovered from the 2006 crash.
12 Years Later, US Real Estate Prices Have Finally Recovered From The Great Recession
US real estate prices just passed their previous price peak, for the first time since the Great Recession. The S&P Case-Shiller Index shows January just printed an all-time high, for the first time since 2006. That may ring alarm bells for many markets, but this peak took over 75% longer to reach than last time. […]
