Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Weakens As People Flee Toronto & Vancouver: BMO Canadian real estate markets remain weak after rate cuts but are driven by weakness in just a few regions. That was the take in the latest research note from BMO, which […]
Canadian real estate didn’t get a boost from a recent rate cut. That’s good news, according to BMO’s latest research note. The bank broke down CREA’s June update on existing home sales, and believes this is what the Bank of Canada (BoC) would like to see. Cheaper credit didn’t suddenly spark exuberant demand, potentially clearing […]
Canada’s largest real estate markets have seen sales plummet, helping inventories. That was the message from RBC, who warns that existing home inventories in the country’s major markets are rapidly replenishing. In a note to investors, they explain that a flurry of new home completions and the start of the monetary easing cycle is motivating […]
Canada’s sharp and unexpected rate hikes will continue to produce damage, even after rate cuts. A new staff research note from the Bank of Canada (BoC) shows the overnight rate is much higher than initially anticipated, reducing consumption for mortgage borrowers since the climb began in 2022. Rates are now being slashed and providing relief, […]
Canadian inflation is demonstrating it can be a lot stickier than the central bank expected. Last week’s CPI report showed annual growth accelerated, reversing some of the Bank of Canada (BoC) progress on taming inflation. The move sharply lowered the odds of the BoC making another cut later this month, but there’s still a chance, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Surges For Young Adults & Recent Immigrants Canada went from a shortage of workers to a surplus driving unemployment in just a few months. In 2022, Canada ramped up immigration with the idea it would fill rising job vacancies. Since […]
One of the world’s largest credit rating agencies sees a bumpy road for Canadian mortgages. Fitch Ratings’ latest Global Housing & Mortgage Outlook shows the mortgage arrears rate rising modestly in Canada in 2024. Even more distressed sellers are seen, but pent-up demand will help to absorb many before they fall behind. The turbulence is […]
Most Canadians believe real estate is the best-performing investment they can make. A new report from BMO makes that unclear, after concluding the country’s largest stock market outperformed housing. Despite the TSX performing poorly against US equities, it outperformed Canadian housing significantly over the past 20 years. That can mean a fundamental shift for Canadian […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion: Equifax Canada’s credit bubble may finally be reaching its crescendo. Credit rating agency Equifax notes the national mortgage delinquency rate is lower than Q1 2020. However, more expensive regions like BC and Ontario […]
Global inflation is easing, and lower rates are on the horizon, but those who didn’t take advantage missed out. That was the message from the Bank of Canada (BoC) Governor, speaking at the International Economic Forum of the Americas yesterday. Governor Tiff Macklem told the conference that central banks have made significant progress on inflation, […]
