Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate The Canadian Government Used “Fake News” To Drive Real Estate Borrowing… Seriously Turns out the Government of Canada has been sponsoring news on the down-low for years. Various departments have using News Canada to distribute stories, with no mention […]
For better or worse, real estate is one of the most important drivers of the Canadian economy. Residential structure investment, the amount of capital deployed for building new housing, reached one of the highest ratios against Gross Domestic Product (GDP) ever. Great news for the housing industry, but a recession has always followed at this […]
Canadian real estate sales are down across the country, especially in the Greater Toronto and Greater Vancouver area. That’s bad news for the Canadian economy.
Canadians are using their real estate to secure more debt at a new record pace, according to filings made with Canadian banking regulators.
Higher interest rates and a stress? No match for Toronto condo buyers, apparently. Toronto Real Estate Board (TREB) numbers show condo prices hit a new all-time high in March. The price peak was hit, as sales dropped and inventory levels continued to rise. Toronto Condo Prices Rise Over 14% The benchmark price of a condo […]
Vancouver detached real estate prices are near all-time highs, despite producing the worst first quarter of sales in over 27 years.
Canadians have been addicted to debt for quite some time, especially when it comes to real estate. So why is the Government of Canada paying hundreds of thousands to discreetly distribute ghost-written articles on how to take out more debt? Ottawa-based Blacklock’s Reporter took a dive through government contracts for over half a million dollars, […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Teranet: Canadian Real Estate Prices Stalled For The First Time Outside Of A Recession The Teranet-National Bank HPI made some unusual moves in March. The composite index was virtually flat, when compared to the month before. Additionally, only 4 out of […]
Analysts from Teranet and the National Bank of Canada are noting unusual movements in the Canadian real estate market. Data shows the market has made two movements, not seen outside of a recession.
Almost half of Toronto condo investors are committing to negative cash flow, according to a CIBC Economics study. One of the city’s most prominent mortgage brokers pointed out, this is a disaster in the making. If you can’t make the deal work at an all-time low for interest rates, when can you make it work? […]
