Better Dwelling

Canada

Canadian Mortgage Originations Rise 27%, Second-Biggest Month On Record

August 22, 2025

Canadian mortgage borrowing is suddenly surging, despite tepid home sales. Bank of Canada (BoC) data reveals uninsured mortgage originations rose to the second-highest June on record. Rapid credit growth typically signals rising confidence, but this spike likely reflects completions from the pre-construction boom during the pandemic-era low-rate frenzy. With near-record housing under construction, originations are […]

Canada

Toronto’s Condo Market Is Spiraling Towards A Hard Landing

August 21, 2025

It always goes up—until it doesn’t. Once thought invincible, the Toronto condo market is in freefall and about to hit reality. Toronto CMA condo starts plunged further in July, and RBC economists see weak pre-construction sales pushing them even lower. The bank counters the claim that red tape is holding development back, instead attributing the […]

Canada

Canada’s Youth Jobless Rate Fueled By Student Immigration Surge: BMO

August 20, 2025

The kids are not alright, according to a new report from one of Canada’s Big Six banks. Statistics Canada (Stat Can) data shows the youth unemployment rate saw a sharp uptick in July, and has climbed to the highest level since 2010 (excluding pandemic). BMO notes that rising unemployment is typical in a recession, but […]

Canada

Canadian Inflation Actually Accelerated—Especially Shelter, Food, & BoC Measures

August 19, 2025

Canadian headline inflation came down sharply but that doesn’t tell the full story. Statistics Canada data shows the headline consumer price index (CPI) climbed 1.7% year-over-year (YoY) in July, down from 1.9% in June. The deceleration was almost entirely due to gas prices, leading to a modeling skew. A deeper dive into the numbers reveals […]

Canada

Canadian Condo Prices Just Kicked Off A Second Wave Correction

August 18, 2025

Canadian condo apartments are sliding after dodging much of the housing correction. Canadian Real Estate Association (CREA) data shows benchmark condo prices fell for a fourth straight month in July, marking the start of a second wave of losses. Canadian Condo Apartment Prices Fall To A 4-Year Low Canadian benchmark condo: The price of a […]

This Week’s Top Stories: Canadian Real Estate Sales To Remain Weak and Industry Dealt a Blow

August 17, 2025

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Organized Real Estate System Dealt A Blow In Class Action Settlement A large regional brokerage dealt a blow to Canada’s organized real estate system this week. RE/MAX Ontario-Atlantic Canada (OAC) agreed to settle a class action challenging mandatory board membership and […]

Canada

Canadian Real Estate Prices Fall Faster As Sales Rise With Listings

August 15, 2025

Canadian real estate markets showed a minor sign of improvement—but it may just be noise. Canadian Real Estate Association (CREA) data shows composite home sales improved in July, hitting a 4-year high for the month. Despite rising sales, a wall of inventory helped to push prices down sharply last month. Home prices fell to the […]

Canada

Canadian Real Estate Faces Immigration Shift From Tailwind To Headwind: RBC

August 14, 2025

Canada’s largest bank is the latest to forecast falling real estate prices next year. Despite sales improving, RBC is forecasting further price declines next year—with the impact amplified in Toronto and Vancouver. The bank warned rising sales won’t be enough to counter rising supply, a lack of affordability and immigration transforming from a tailwind to […]

Canada

Will Canadians Lose Their Homes? BC Rules First Nations Owns 6% of Richmond

August 13, 2025

This land is your land, this land is…wait, did anyone actually check the title? Canadian real estate got more bad news this month—the BC Supreme Court has ruled Cowichan Tribes still hold title to 1,846 acres of prime Richmond land in Greater Vancouver. The longest trial in Canadian history only targeted government-held lands, but may […]

Canada

Canada’s Organized Real Estate System Dealt A Blow In Class Action Settlement

August 12, 2025

Canada’s tightly controlled real estate system just saw its first crack appear. RE/MAX Ontario-Atlantic Canada (RE/MAX) has broken ranks, becoming the first brokerage to settle a class action targeting the industry’s commission rules and board structure. The $7.8-million deal, revealed this morning, comes with a seismic shift—the regional brokerage is ending its mandatory board membership […]