Many Canadian real estate buyers and investors are struggling with higher interest rates. They got some bad advice, not from a Realtor or mortgage agent, but the Bank of Canada (BoC). In a now infamous address in October 2020, Governor Tiff Macklem assured households that rates would be low for long. Households and businesses are […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Recent Real Estate Buyers Weren’t Stress Tested For Mortgages Rates This High Canada’s real estate industry complained about mortgage stress testing being too burdensome. However, the current data shows it may have been insufficient. BMO Capital Markets warns a significant share […]
Is Canadian real estate a bubble, and is the Fourth Industrial Revolution setting us up for even further inequality? These are just a sample of insights former Bank of Canada (BoC) Governor Stephen Poloz shared with us in our interview last week. For those that don’t have time to watch the whole thing (you probably […]
Canada’s real estate industry wanted weaker stress testing, but it may have been too weak. That’s the take from BMO Capital Markets, who recently crunched the numbers. As interest rates climb, the majority of borrowers will be able to easily manage higher costs. However, recent buyers are facing rates even higher than they had been […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Wealth Boom Is Over, Expect $1.6 Trillion In Losses: RBC Canadian real estate values soared over the past few years, helping to drive wealth. However, now that we’re past peak — RBC sees housing pulling wealth back. The […]
Canada’s oldest bank would like a little more clarity from the country’s central bank, going forward. BMO Economics wrote to investors this week, arguing the Bank of Canada (BoC) needs to be more transparent about their inflation data. After delivering a smaller-than-expected rate hike, the BoC presented a chart to justify its move. The data […]
Canadian real estate investors finding comfort in the fact home prices didn’t fall much during the Financial Crisis, might want to look away. Land registry giant Teranet released its House Price Index for September, and it shows a sharp drop in home prices. The index, made in partnership with National Bank of Canada (NBF) is […]
Canada has a lot of new housing supply coming in the next few months, and it should provide market relief. The CMHC reported new housing starts remain historically elevated in September. BMO Capital Markets wrote to investors, explaining the units under construction have hit a record. Significant supply will hit the market in coming months, […]
Canadian businesses and households don’t see a bright future for the economy in the upcoming months. The Bank of Canada (BoC) released its Business Outlook Survey (BOS) for Q3 2022, and showed a massive erosion of the index. The index has only seen such a substantial decline immediately before a recession. BMO warned investors that […]
