Is Canadian real estate still hot? Not according to indicators from Teranet, CREA, and the US Federal Reserve.
The US Federal Reserve has a super secret indicator for tracking bubbles, and they think Canadian real estate is at risk for a correction.
Canada’s high real estate prices, and broke Millennials dragged the rate of homeownership back to pre-Great Recession levels.
Toronto and Vancouver now rank amongst the most expensive real estate in the world, here’s where they are in contrast to other wealth hubs.
Canadian real estate dollar volumes are dropping, with Toronto leading the country in declines for September.
Canadian real estate prices are showed a second month of price deceleration according to Teranet and National Bank of Canada.
This week we talk about the Future of Canadian real estate prices, OSFI’s B-20 regulations, and condo markets in Toronto and Vancouver.
Vancouver condos get a bump in prices, sales, and listings. Heck, even historic numbers got a bump due to a re-calculation of sales.
Toronto condo prices are still sky high, but declining sales and a roaring pre-sale market are tapering price growth quickly.
Part 3 of our notes from the CMHC “Future of Home Prices” talk focuses on combining models for price targets, using Toronto real estate as the example.
