This week’s top stories include the impact of higher interest rates, and the difference between a correction and a crash.
Vancouver real estate isn’t the hotspot for BC’s foreign buyers. Instead, the suburb of Richmond is seeing 1 in 10 homes go to non-residents.
Lowering interest rates pumped up Canadian real estate prices, but will raising them lower prices? It didn’t last time.
This week’s top real estate stories: Canada’s vacant home problem, Toronto real estate is slowing down, and Vancouver is booming…again.
Canada has twice the ratio of vacant homes the US did before the great recession, indicating Canadian real estate may be in hypersupply.
The Bank for International Settlements is flagging Canada with two warning signs, indicating a financial crisis is likely.
Canada saw the consumer price index (CPI) slip, falling to a low for 2017. This could put a hiccup in rising interest rates anytime soon.
China’s largest international real estate buyer has a problem, and the Canadian government thinks household debt will accelerate.
Could have fooled us, but the Bank of Canada’s housing affordability index shows Canadian real estate is affordable.
Canada’s Parliamentary Budget Officer is warning that household debt will accelerate through next year, shattering previous debt records.
