Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Are Placing Absurd Price Premiums On Condos Toronto and Vancouver property assessments place a huge premium on condo apartments. Toronto apartments have a median assessment value of $457 per square foot (PSF) in 2018, 32% higher than […]
Toronto and Vancouver homeowners are condo crazy, and it shows in assessment values. Statistics Canada (StatCan) numbers show median assessment values for condos were at a huge premium in 2018. The gap between assessments for a condo apartment is as much as double in Toronto. Vancouver, the country’s most expensive city, isn’t seeing nearly as […]
Near record low interest rates may still be too high for highly indebted Canadian households. Bank of Canada (BoC) numbers show the growth of the M1+ money supply fell to a multi-year low in March. The decline of this measure is typically indicative of slowing future economic activity. The M1+ The M1+ is a narrow […]
Canadian households hit a new all-time high for debt, but the level of growth is slowing. Bank of Canada (BoC) numbers show the balance of household debt reached a new high in March. Despite breaking a new record, Canada’s credit growth is at recession low levels of growth. This can present a major kink in […]
Greater Vancouver condo presale buyers still aren’t interested, even with more incentives. Numbers from MLA Canada, a real estate analytics and marketing firm, show Greater Vancouver condo presales fell in March. An accompanying decline in inventory helped to offset the drop in sales. However, it wasn’t quite enough to change the current trend. Sales of […]
Greater Toronto new home sales climbed last month. Numbers from Altus Group show new home sales increased in March, attributed entirely to a rise in the 905. Don’t get too excited though. The only reason new home sales increased, was because the bar was set so low last year. Last month was still the second […]
Canadian mortgage debt printed a record high, but is still growing much slower than usual. Bank of Canada (BoC) numbers show the balance of mortgage debt printed a record high in March. The record debt came with the slowest pace of growth for March since 1983. Canadian Mortgage Debt Now Over $1.55 Trillion The balance […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate How A Little Money Laundering Can Have A Big Impact On Real Estate There’s no way there’s enough money laundering in Canadian real estate to affect prices, right? We take a dive through how asset prices are born, and how […]
Canadians still aren’t returning to the real estate market, and it’s hitting mortgages. Canadian Bankers Association (CBA) numbers show November had fewer mortgages than the year before. The decline represents the fourth month the market has seen negative prints. Prior to this, the number of mortgages hadn’t dropped on an annual basis in over 29 […]
Canadian real estate buyers aren’t so sure about sending prices higher near term. The US Federal Reserve Bank of Dallas (Dallas Fed) released quarterly exuberance indicator for Q4 2018. The indicators, a measure of emotional premiums paid, plummeted over the past year. The drop brought the indicator to the lowest levels in four years. Now […]
