This Week’s Top Stories: Canadian Real Estate Prices Are Under Attack, and US Housing Declared A Bubble

Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Canadian Real Estate Is About To Experience A “Full-Scale Attack,” Warns Big Six Bank Canada’s oldest bank warned investors of a “full-scale attack” on real estate this week. Climbing mortgage interest costs are just the start. Foreign buyer taxes, vacancy taxes, and […]

Better Dwelling’s Opening Statement Before Canadian Parliament’s Standing Committee on Finance

Opening Statement by Stephen Punwasi Better Dwelling Appearance before the House of Commons Standing Committee on Finance  March 24, 2022 Good afternoon Committee, and thank you for the invite. My name’s Stephen Punwasi, and I’m the chief data analyst at Better Dwelling, Canada’s largest independent housing news source. Some of you might be familiar with […]

Canadian Inflation Pressure Is Broadening Across Categories As It Hits 3 Decade High

Canadian inflation didn’t hear your transitory call apparently — it’s widening to other categories. Statistics Canada (Stat Can) data shows the consumer price index (CPI) soared in January. The annual growth rate reached 5.1% for the month, advancing from 4.8% a month before. Canada’s inflation hasn’t grown this fast since September 1991, three decades ago. […]