Canada Is Heading For A Hard Landing, Real Estate Prices To Drop 30%: Oxford Econ
Canada’s economy and real estate are in for a hard landing that kicks off within six months, warned Oxford Economics.
Canadian Real Estate Prices Just Made A Record Price Drop: Teranet-National Bank
Canadian real estate prices just made the largest monthly drop ever in the history of the Teranet-National Bank House Price Index.
Canadian Real Estate Hasn’t Been This Unaffordable Since The 90s Bubble: BoC Data
Canadian real estate affordability is getting worse as the market adjusts to higher rates. A Bank of Canada (BoC) update to its Housing Affordability Index (HAI) shows a sharp climb in Q2 2022. An average household now requires nearly half their income to service a mortgage. It’s a level rarely seen in Canada, and experts […]
This Week’s Top Stories: Canada’s Big Banks Warn A Real Estate Shock & Hard Landing Are Coming
Canada’s large banks warn an “enormous” shock to real estate is coming, and a hard landing will start as early as this year.
Canadian Real Estate Fueled By Pre-Approvals, “Enormous” Shock Coming: BMO
Canadian real estate will see a second shock as mortgage pre-approvals secured at much lower rates fade, according to BMO.
Canada’s Worst Performing Real Estate Markets Are Toronto and Its ‘Burbs: BMO
Canada’s best performing real estate markets during the boom were in Southern Ontario, and now they’re the worst performing.
Canadian Real Estate Prices Are Back To November 2021, Down Over $100k Since Peak
Canadian real estate prices are now back to the lowest level since November 2021, with annual growth likely to turn negative soon.
The Bank of Canada Front-Loading Won’t Guarantee A Soft-Landing: RBC
RBC no longer sees a soft-landing as a possibility, and now expects a moderate recession will kick off as early as the end of this year.
Canadians Saw Their Net Worth Fall By Nearly $1 Trillion, Biggest Drop In History
Canadian households saw their net work drop by $1 trillion in Q2, the largest quarterly decline in history.
Canada’s Household Debt Ratio Is Climbing Once Again, Here’s Why It’s A Problem
Canadian household debt is climbing much faster than income, and that’s going to limit their ability to respond in a crisis.
