Income growth is tepid, according to new data from Canada’s national statistics agency. Statistics Canada (Stat Can) data shows the median after-tax income of families and unattached individuals was nearly flat in 2018. That’s not incredibly surprising, however drilling down there’s some interesting details. Most notable to us – the pricey real estate markets of […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver New Home Prices Fall, While Montreal Soars Canadian new home prices are stagnating, according to the New housing price index (NHPI). The national NHPI was flat in January, and is up just 0.19% from one year before. Toronto […]
Canadian new home prices are flat, but the biggest markets are seeing volatility. Statistics Canada (Stat Can) data shows the New housing price index (NHPI) was flat in January. Toronto and Vancouver both made declines, while Montreal ripped higher. Canadian New Home Prices Are Mostly Flat The NHPI for Canada is showing relatively flat movement […]
Canadian real estate sales are soaring, and prices are accelerating quickly. Obviously, it’s the perfect time for the government to loosen credit conditions. The Department of Finance (DoF) announced changes to the way insured mortgages will be stress tested. The new changes go live on April 6, 2020, and will lead to a more responsive […]
Canadian real estate buyers are facing less inventory, and more competition. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in most markets this past January. The rising ratio, used to help understand demand, reached a “seller’s market” last month. Not just in one place either – the whole […]
Canadian real estate prices are seeing accelerated growth across the country. Canadian Real Estate Association (CREA) data shows the price of a typical home increased in January. The increase marks the 9th consecutive month of price acceleration for the national index. Prices are now growing at the fastest rate in almost two years. Canadian Real […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Sales See Biggest January Since 2008 Canadian real estate sales had a really big January – one of the biggest in years. CREA reported 27,195 unadjusted sales in the month, up 11.5% from a year before. This was the […]
Canadian real estate sales were on fire last month, and not just in a few regions. Canadian Real Estate Association (CREA) data shows sales across the country jumped in January. The rise in sales was the largest the month has seen in over a decade. That helped to push the sales volumes to the highest […]
Canada’s urban population is booming, and the usual suspects landed the most residents. Statistics Canada (Stat Can) population estimates show the country’s largest cities saw the biggest rise in population. The fastest rate of growth was located in smaller cities in Southern Ontario. Toronto, Montreal, and Vancouver See The Most People The country’s biggest cities […]
Greater Vancouver is following the rest of Canada, with a spike of insolvencies. Office of the Superintendent of Bankruptcy (OSB) data shows households filed a lot more insolvencies in Q4 2019. Overall, Greater Vancouver is showing growth consistent with the province. However, the province is seeing a very rapid rise in the number of distressed […]
