Greater Vancouver is seeing new home release absorption improve, but the market is still slow. MLA Canada numbers show pre-sale absorption hit a high for 2019, this past August. The catch is absorption received a boost due to a number of project delays, due to slow sales. Greater Vancouver New Home Inventory Falls Over 75% […]
Slow sales be damned, Greater Toronto new home buyers are still pushing prices. At least for condo apartments. Altus Group and BILD data shows sales were climbing in August. However, so was inventory – which lead to even more new homes on the market compared to sales. Even though fewer than one in ten homes […]
Looking to join Canada’s one-percent? Good luck, because the threshold is moving much faster than your incomes. New Statistics Canada (Stat Can) data shows incomes climbed in 2017. While incomes climbed across Canada, they’re climbing much faster at the top. Canadians Need To Make Over $236,000 To Be In The “One-Percent” The threshold to be […]
The Christopher Columbus of central banks has discovered what everyone knows – Canadians are burning equity. A LOT of it. Bank of Canada (BoC) staff have concluded homeowners are extracting a lot of home equity. Consumption and the economy are boosted by the home equity extracted. However, the more significant the sum extracted, the more […]
Canadian real estate markets are seeing demand improvements, just not in British Columbia. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in August. The ratio, which gives a quick snapshot on how soft the market is, generally increased. British Columbian real estate was a notable exception. Cities in […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Reach A New All-Time High Ahead Of Government Cash Canadian real estate price growth has stopped decelerating, at least for now. The C11, a price index for Canada’s 11 largest markets, showed an increase of 0.41% in […]
Canadian real estate price growth is accelerating ahead of the government’s helicopter cash. Teranet – National Bank of Canada House Price Index (TNC HPI) shows prices reached a new all-time high in August. The sudden acceleration of price growth came largely from smaller markets. Most cities saw price growth last month, with Vancouver being a […]
The Greater Vancouver condo market is seeing some improvements, but not many. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a condo apartment fell in August. The declines are getting smaller though, as sales and inventory find a better mix. Greater Vancouver Condo Prices Are At Down To 2017 Levels The […]
The Toronto condo market is seeing prices climb even higher these days. Toronto Real Estate Board (TREB) data shows the price of a typical condo apartment reached an all-time high in August. The rise in prices is being attributed to falling inventory, and climbing sales. Toronto Condo Prices Rise 8% From Last Year The price […]
Canadian households are sending a lot more cash to lenders, but it’s not paying their debt down. Statistics Canada (StatCan) data shows household mortgage payments jumped in Q2 2019. Rising payments are seeing fewer dollars pay off debt, and more towards carrying it. Canadians Paid Over $93 Billion On Mortgages Canadian real estate owners paid […]
