Toronto Sees New Condo Sales Fall Over 52%, Inventory Spikes Over 63%
Greater Toronto new condo sales experienced a drop in July, helping to send inventory much higher… and the industry is expecting more.
Canada’s Fastest Growing Real Estate Prices Aren’t In Toronto or Vancouver
Canada’s small cities seem to be catching FOMO. Canadian Real Estate Association (CREA) numbers show large cities are seeing price growth taper. Meanwhile, smaller real estate boards are seeing real estate price growth outpacing major cities. Yes, You Should Care About National Prices We know, you don’t care what’s happening in Ottawa – you live […]
Toronto Tops North American Crane Count, and There’s 400 More Projects Proposed
No other North American city has more high-rise construction cranes, as the rush to develop Toronto real estate reaches a fevered pitch.
Toronto Becomes Canada’s Most Expensive Rental Market, As Vancouver Prices Drop
Vancouver rental prices made a massive drop in June, making Toronto the country’s most expensive rental market.
This Week’s Top Stories: New Canadian Real Estate Buyer’s Inflate Their Budgets, While Old Ones Withdraw Equity
Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadians Withdraw Another $2 Billion In Home Equity Over A Month Canadians are (still) looking to extract equity from their homes at a record pace. The balance of loans secured in June hit $286.81 billion, up $1.966 billion […]
Did Canadian Real Estate Prices Just Make An Exhaustion Move?
A few weeks ago, Bay Street’s top strategist invited me to breakfast, to talk kittens and rainbows. Kidding, we obviously talked about Canadian real estate. Most of the conversation was just a rehash of data we post here, but he did say something that stuck with me. Towards the end of breakfast he goes, “an […]
Cheat Sheet: TREB Loses Supreme Court Appeal, Here’s What You Need To Know
Canadians are about to get a more transparent real estate market… well, one market. The Supreme Court of Canada has dismissed the Toronto Real Estate Board (TREB) appeal to prevent members from releasing data. The dismissal ends a nearly seven year struggle to get the board to open up information. During this time, TREB argued […]
New Canadian Real Estate Buyers Decline, But Their Budgets Expand
Canada saw less new buyers last year. Canada Mortgage and Housing Corporation (CMHC) numbers show mortgages to new owners saw a huge decline last year. Despite the huge decline, the average balance of these new mortgages inflated. New homebuyers are taking out less mortgages, but much larger ones – especially in the suburbs. New Owners […]
Canadian Mortgage Holders See Credit Improve, But It Doesn’t Mean What You Think
Canadian real estate owners with a mortgage are doing “very good” with their payments. The Canada Mortgage and Housing Corporation (CMHC), using Equifax data, is observing credit score improvements across the country. The average credit score of Canadian mortgage holders is improving. This may come as a surprise to some, but it doesn’t mean what […]
Canadians Withdraw Another $2 Billion In Home Equity Over A Month
Another $2 billion worth of equity was withdrawn from Canadian real estate in June, sending the outstanding balance to a new record.
