Toronto Condo Sales Drop, Inventory Soars… But Prices Are Still Climbing
Toronto condo prices are still climbing at the same pace as last year, despite a huge drop in sales, and inventory climbing back to historic levels.
Canadians Using Real Estate To Secure More Debt Reaches New Growth Record
Canadians are putting up their residential real estate to secure loans, at one of the fastest rates in history. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured by real estate made a seasonal decline in January. The seasonal decline however, is at a much slower pace than previous […]
This Week’s Top Stories: Canadian Real Estate Makes The Largest Drop Since 2008, and New York Gears Up For A Speculator Crackdown
Canadian Real Estate Makes The Largest Drop Since 2008, and New York Gears Up For A Speculator Crackdown.
CREA Now Expects Real Estate Prices and Sales To Fall Across Canada In 2018
CREA, the organization that represents the Canadian real estate industry, just updated their forecast for 2018 – and it’s not pretty.
New York Gears Up To Crack Down On Speculators w/Quiet Addition To The Budget
New York City is getting an additional tool to crack down on real estate flippers. The new tool is just one of the few ways the city is letting speculators know they aren’t welcome.
Teranet: Vancouver Real Estate Prices Drop 1.3% When “Unsmoothed”
Teranet’s HPI shows Vancouver real estate printed an all-time high in February, but a deep dive into the data actually shows a huge monthly decline that’s being averaged out. Here’s what you need to know.
Teranet: Toronto Real Estate Prices Continue Declines, Lowest Rate of Growth Since 2014
Toronto real estate prices continued its rollercoaster pattern. The Teranet–National Bank of Canada (NBC) HPI shows prices declining in February. The decline comes just one month after breaking a down pattern in January. Even though the city’s price growth is still very high, it’s at the lowest level in over 3 years. About The Teranet-National […]
Canadian Real Estate Sales Have Dropped The Most Since The Great Recession
Canadian real estate has entered a down cycle, with price gains rapidly tapering and sales across the country falling the most since the Great Recession.
Toronto Detached Real Estate Sales Drop Over 41%, Inventory Doubles
Toronto detached real estate is seeing demand decline, almost as quickly as it rose last year. Toronto Real Estate Board (TREB) numbers for February show prices are falling. The price movement is expected, as higher inventory levels meet declining sales. Benchmark Prices Vary From A 9% Gain, To Declines Over 10% The prices of a […]
The BIS Just Flagged Canada For A Financial Crisis Because of Real Estate and Debt
The central bank, for central banks, just flagged Canada for a financial crisis largely due to the country’s addiction to real estate fueled debt.
