Toronto detached homes might have slipped from highs, but condo apartments pushed higher. Toronto Real Estate Board (TREB) number show condo apartment prices reached an all-time in August. Higher condos prices came with inventory and sales that were mostly flat from last year. Toronto Condos Hit A New All-Time High The price of a typical […]
Time for your weekly update on this week’s most important news. Canadian Real Estate Canadians Add An Average Of $187,000 Per Minute To The Household Debt Balance Canadians printed a new record for household debt, but the rate of growth is slowing down quickly. The balance of household debt reached $2.13 trillion in July, up […]
Canadians are facing the fastest hike to borrowing costs since before the Great Recession, and it’s going to hurt real estate sales.
Canadian real estate prices are seeing slowing growth, but still printed a new record. The Teranet–National Bank House Price Index (Teranet HPI) shows a major slowdown in August. Canada’s largest markets saw the slowest price growth they’ve seen since 2009. What’s The Teranet HPI? The Teranet HPI is a price index created by National Bank […]
The Toronto real estate sold data drama continues, after less than a month of being published. Toronto Real Estate Board (TREB) notified members that there have been reports of false sold data being submitted to the MLS. Agents looking to “protect” consumer privacy have submitted false sold information, to obfuscate how much was really paid […]
Cooling Canadian real estate prices are dragging rental price growth. Numbers from the rental platform rentals.ca show 1 bedroom prices increased in markets with slower price gains last year. However, last year’s red hot real estate markets are experiencing slow to negative growth – especially around the Greater Toronto-Hamilton Area. Canada’s Most Expensive Rental Market […]
Vancouver real estate is seeing the worst sales in years, and detached homes were no exception. Real Estate Board of Greater Vancouver (REBGV) numbers show detached sales continued to grind lower in August. The decline in detached sales, combined with a rise in inventory, helped to push prices tens of thousands of dollars lower. Vancouver […]
Toronto real estate’s mixed market extended to detached homes last month. Toronto Real Estate Board (TREB) numbers show detached prices fell in August. The decline in prices was accompanied by a rise in sales as well as inventory. Toronto Detached Real Estate Drops Over $8,900 The price of a typical detached home fell across Greater […]
Canadians are racking up a whack of debt, especially for real estate. That appears to be coming to an end, and fast.
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems The impact of rising interest rates is showing up in Canada’s measure of “cash.” The M1+, a measure of cash-like instruments, increased 3.9% on an annual basis in […]
