Greater Toronto new homes sales are cooling. BILD and Altus Group numbers show sales dropped to multi-year lows in November. The decline in sales is combining with higher building activity, sending inventory higher than we’ve seen in the past few years. Greater Toronto New Detached Prices Fall, While Condos Rise The price of a new […]
Canadian real estate markets are cooling, especially in Western Canada. Canadian Real Estate Association (CREA) numbers show the SNLR fell across Canada. The indicator, used to gauge demand by the industry, increased in just 3 major real estate markets – all in Eastern Canada. Markets in Western Canada led the index lower, while Toronto chilled […]
Third time’s a charm… maybe. The latest Canadian Real Estate Association (CREA) shows large revisions for sales numbers. Most regions in Canada will see a drop in sales this year, with BC and Ontario leading lower. The only growth in sales expected are east of Ontario, but next year is looking rosier. Yes, Forecasting Is […]
Greater Vancouver condo prices are cooling down in a big way. Real Estate Board of Greater Vancouver (REBGV) numbers show price appreciation has fallen to a multi-year low in November. The slowing growth was accompanied by plummeting sales, and soaring inventory. Greater Vancouver Condo Prices Dropped Over $15k Last Month The price of a condo […]
Toronto condo prices fell from an all-time high. Toronto Real Estate Board (TREB) numbers show a minor price decline for condo apartments in November. Annual price gains still remain very large, although they continued to decelerate. The big story this month is the board reported the fewest condo sales for November since 2013. Toronto Condo […]
Canadian real estate sales are still dropping. Canadian Real Estate Association (CREA) numbers show home sales falling in November. Last month, only three major real estate markets saw increase on a year over year basis. The rest saw declines, especially in major markets like Vancouver – which led the way lower. Canadian Real Estate Sales […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate CMHC: Vancouver Has The Most Indebted Households In Canada, Toronto Not Far Behind Vancouver, Toronto, and Victoria are the country’s most indebted cities. Vancouver led the pack with a debt to income ratio (DTI) of 242% in Q2 2018. To put […]
Congrats, Vancouver! You’re Canada’s most indebted city, largely due to the recent rapid rise in real estate prices. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Vancouver spends its cash. In Q2 2018, over 80% of Vancouver Census Metropolitan Area (CMA) debt was tied directly to the […]
Toronto real estate pushed to new highs, bringing the city’s debt level with it. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Toronto spends its cash. In Q2 2018, over 80% of Toronto Census Metropolitan Area (CMA) debt was tied directly to the value of real estate. […]
Canada’s most expensive real estate markets are the most vulnerable to rate shock. Surprising, we know. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the Q2 2018 numbers for debt to income ratios across Canada. The numbers show cities with the most expensive homes also have the highest DTI ratios. The high levels of […]
