Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad Ontario’s first-time buyers aren’t pursuing ownership alone, and instead are looking for much older help. Condo apartments bought with multiple owners with an age gap of 20 […]
The bank of mom and day may be undergoing an aggressive expansion. Teranet, Canada’s largest land registry operator, conducted an analysis on ownership in Ontario. First-time buyers scoring a place on their own is on the slide. Most aggressively taking its place, is buying with a second owner at least 20 years older. The firm […]
World’s largest bubble? Canadians aren’t buying it, but they are rushing to buy homes again. Canadian Real Estate Association (CREA) numbers show a massive jump in sales for July. The increase makes it the most July sales in years, with only 2 major markets showing declines. Canadian Real Estate Sales Rise Over 12% From Last […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate RBC: Toronto And Vancouver Real Estate Construction “Significantly” Outside Norm Canada is building a lot of houses, while unaffordability rises across the country. RBC Economics notes the building is a potential vulnerability. Same with the lack of affordability, which the bank […]
Canada’s largest bank is calling out the record amount of real estate development. RBC Economics released their July Canadian Housing Health Check. Economists from the bank only see two major elevated risks in major markets. Real estate affordability and lots of building remain the top concerns for markets. Canadian Real Estate Markets Are Mostly Stable […]
Canadian real estate is still one of the biggest drivers of the economy. Statistics Canada (Stat Can) numbers show gross domestic product (GDP) climbed in May. The monthly climb, which was higher than expected, was driven by growth in real estate and construction. Canadian Gross Domestic Product Rises 0.2% In May Canada’s real gross domestic […]
Canadian household debt reached a new high last month, but continues to see growth slow. Bank of Canada (BoC) numbers show the balance of outstanding credit reached a new record high in June. The record came with the slowest annual rate for June in decades, dragged down by a lack of consumer credit. Canadians Owe […]
Canadian real estate developers are in a mad dash to build purpose built rental units these days. Canada Mortgage and Housing Corporation (CMHC) numbers show huge growth in rental units under construction in June. Canada hasn’t built this much rental stock at once in at least 30 years. Canada Has Never Had More Rentals Being […]
Canadian mortgage growth is showing some signs of life after bottoming. Bank of Canada (BoC) numbers show outstanding mortgage credit hit a record high in June. The record came with an uptick in the rate of growth, which had bottomed in recent months. Mortgage credit growth is improving, but still growing at one of the […]
B.C. real estate markets are the fastest cooling in the country right now. Canadian Real Estate Association (CREA) numbers show sales to new listings ratios made a mild decline across the country. Most markets made improvements on a year-over-year basis. However, B.C.’s markets are cooling so fast, it was enough to weight the national market. […]
