Top Stories

This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall, As Households Make Fewer Payments

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate  Moody’s Doubles Down On Forecast Of Canadian Real Estate Prices Falling Soon One of the world’s largest credit rating agencies confirmed an early forecast of falling home prices in Canada. Moody’s had expected government measures would delay any impact to home […]

Top Stories

This Week’s Top Stories: Canadian Home Buyers With Small Down Payments Rise, While Toronto Condo Prices Slip Lower

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canadian Homebuyers With Small Down Payments Grows For The First Time In Years Insured mortgage credit, for those with smaller down payments, increased for the first time in years. The balance of insured mortgages reached $476.53 billion in Q2 2020, up […]

Canada

Canadian Immigration Resumes Big Declines, As Permanent Resident Numbers Plummet

Canadian immigration numbers have resumed massive drops, after briefly showing improvement in June. Government of Canada (GoC) data shows permanent resident arrivals made big declines in July. The previous month had briefly seen the declines shrink in size, providing optimism to real estate markets. However, the month proved to be an anomaly, with the latest […]

Top Stories

This Week’s Top Stories: How Central Banks Drove Pent-Up Demand Too Early, and Canadians Have Difficulty Paying Mortgages

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Understanding Pent-Up Demand In Real Estate, And How Central Banks Broke Markets Pent-up demand is a temporary rise in consumer buying, after a period of restraint. It normally appears at the end of a recession, but not this time. During recessions, […]

Canada US

Understanding Pent-Up Demand In Real Estate, And How Central Banks Broke Markets

“It’s pent-up demand, bro – the market’s recovered” is one of the most common things I hear these days. Unfortunately, most people parroting the words don’t actually understand what they’re saying. Pent-up demand means a temporary surge of buying activity, that falls when demand catches up. Temporary being the key word. Under normal circumstances, this […]

Top Stories

This Week’s Top Stories: Canada’s Largest Banks Have Over 500,000 Mortgages On Deferral, As Regulators Phase Out Special Treatment

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada’s Big Six Banks Set Aside Over $6 Billion For Credit Losses Canada’s Big Six banks have set aside billions of cash to prepare for losses on loans. Provisions for credit losses (PCLs) reached $6.76 billion in Q3 2020 at the […]