Only 18 days until the election, and every party has a terrible housing plan. One of the more interesting ones comes from the Conservative Party of Canada (CPC). The key point is extending the maximum amortization for mortgages. This is a fancy way of saying they want to let buyers pay their mortgage over a […]
Canadian politicians are promising everything but the kitchen sink in the 2019 Federal Election. Although, there’s still 19 days – so don’t rule out kitchen sink subsidies. Most notable to our readers is obviously their housing platforms. A wide range of readers, from fund managers to Millennial buyers, have asked for our take on specific […]
One of the world’s largest banks is seeing the beginning of a global real estate correction. UBS, a Swiss multinational mega-bank, published the 2019 Global Bubble Real Estate Index. Analysts from the bank are seeing more favorable financing conditions around the world. Despite the cheap money, the bank is also seeing the beginning of a […]
Phew! Canadians are over the possibility of home prices dropping, and are back to using their homes as ATMs. Office of the Superintendent of Financial Institutions (OSFI) filings show massive growth for home equity lines of credit in July. The annual pace of growth was the second highest for the month in the past seven […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Richest Households Are Seeing Income Grow 6x Faster Than The Bottom 99% The gap between Canada’s wealthiest households, and the rest of the country is getting wider – and fast. To be in Canada’s one-percent, you need to earn at […]
Ontario and British Columbia real estate is filled with investors, and most are landlords. New Statistics Canada (Stat Can) numbers show the number of multiple-property owners in 2018. The highest concentration of these owners is, not surprisingly, in Toronto and Vancouver. Multiple-Property Ownership The Stat Can study focused on multiple-property owners, excluding non-residents of Canada. […]
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 […]
