Canadian real estate prices have once again turned into a runaway freight train. The Canadian Real Estate Association (CREA) October Home Price Index (HPI) made a big jump. Home prices across the country are now rising at the fastest annual rate since June. This has almost entirely reversed the pre-election slowing of growth. Canadian Home […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Building Investment Has Officially Gone From A Correction To A Crash Canadian home building investment has officially gone from a correction to a crash. Seasonally adjusted real residential construction investment fell to $8.4 billion in September. This is a drop […]
In the upside-down world, a weak economy is great for Canadian home prices — and people are betting on it. The majority of mortgage debt issued in August has a variable interest rate. This is when a borrower’s interest paid is attached to market rates, as opposed to a fixed rate. Experts, including the central […]
Still think the Canadian economy isn’t ready for a rate hike? A new analysis from BMO helps to make a convincing argument otherwise. The Bank of Canada (BoC) last hiked the overnight rate when unemployment fell to the current rate. That was back in 2017, when the country’s interest rates were also double the current […]
The Canadian real estate market is forecast to be busy next Spring, but a hurdle just appeared. RBC Economics updated its forecast for the Bank of Canada (BoC) overnight rate in 2022. Canada’s largest bank sees inflation forcing the BoC to hike rates in April. In just five months, this would increase mortgage rates at […]
Canadian real estate is seen as bulletproof but more banks are warning that might not be the case. CIBC Capital Markets’ November forecast shows a steep climb to the overnight rate. They expect the Bank of Canada (BoC) to hike rates up to five times over the next two years. Separately, they warned there is […]
Canadians might see much higher borrowing rates in the not-so-distant future. Scotiabank chief economist Jean-François Perrault has forecast up to 8 rate hikes within 2 years. He sees elevated inflation backing the Bank of Canada (BoC) into a corner on the issue. Inflation appears to be a lot less transitory than thought. If that’s the […]
Only make $40,000 per year in income, but want to buy some pricey Vancouver real estate? Maybe these folks can tell you how they did it. The situation came up in passing with our interview with investigative journalist Sam Cooper, author of Wilful Blindness, which landed us in the middle of a censorship controversy last […]
Time for your cheat sheet on this week’s top real estate stories. Canadian Real Estate Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s Canadian real estate is massively overvalued, said a global credit rating giant. Moody’s estimates the average urban market in Canada is 22% overvalued as of Q2 2021. Large overvaluations […]
Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the firm isn’t expecting a big housing crash. The baseline model shows low […]
