Canadian real estate investors may struggle, but their death has been greatly exaggerated. Bank of Canada (BoC) data shows investors represented a record share of home purchases in Q1 2024, according to credit file data. Moral hazard (and a buttload of stimulus) appear to have eased investor concerns and boosted demand from the segment. The […]
Over just a few months, Canada went from fears of overleveraged borrowers to trying to stimulate borrowing. That was the take from BMO Capital Markets, who took a look at the slower-than-normal growth for mortgage debt. In a report sent to investors, the bank’s chief economist explains they expect healthier levels of borrowing by next […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate US Border Stopped 1,200 Terror Suspects From Canada, Urges Tighter Immigration Evidence that Canada’s breakneck population growth is unsustainable is starting to pile up. The latest blow comes from US border data that shows a surge of terror suspects attempting to cross […]
Canada has long defended its generous immigration policy, but has recently reversed course. Many assume this is temporary pandering that will soon loosen, but the odds are slanted towards further tightening. US Customs and Border Protection (CBP) data shows the country has stopped over 1,200 terror suspects on their “Watchlist” attempting to cross from Canada […]
Nova Scotia is the latest province to wage war on remote work as governments try to anchor people to big cities. The Government of Nova Scotia (GNS) has ordered thousands of its non-union staff to work out of the office full-time starting next month, even those who haven’t since 2015. The move follows corporate and […]
Canada’s largest real estate market is turning into a headache for the country’s largest bank. Yesterday we mentioned RBC’s Greater Toronto Area (GTA) mortgage portfolio has seen serious mortgage delinquencies (90+ days) soar in Q3 2024. We received a few requests for a deeper dive, so here it is. Toronto real estate may seem boring […]
Canada appears to be doubling down on its position that more demand will create affordability. Earlier this week, the Government of Canada (GoC) announced its “boldest mortgage reforms ever,” including its most ridiculous mortgage reform ever—first-time buyers using state-backed, high leverage loans to purchase $1.5 million homes. Confused? You’re probably thinking: First-time buyers usually don’t […]
Canadian real estate remains pudding-soft, despite expectations that rate cuts would firm the market. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark (typical) home fell in August. Weaker demand and rising supply were the general backdrop, as lower rates motivated more sellers to jump into the market than buyers. Experts […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Killing Work-From-Home & It’s Bad News For Small City Real Estate Canadians embraced work-from-home almost immediately in 2020, especially in government. It was branded the “new normal,” which workers took as a cue to move into distant suburbs, breathing new […]
Canadian real estate experienced a major shift during the pandemic as remote work was embraced. Unanchoring careers from pricey cities, people fled to more remote and affordable smaller cities, bringing a surge of economic activity (and higher home prices), at the expense of big cities. Policymakers are now attempting to reverse this move by pushing […]
