Canada’s surging rents have more to do with financialization than fundamentals, according to a new University of Waterloo study. Researchers from the School of Planning conducted a deep dive into Toronto’s rental market and found the most aggressive rental hikes came from large financial landlords. By using techniques like vacant units, algorithmic pricing, and systematic […]
Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth […]
Canadian real estate demand has been so weak that developers are struggling to stay afloat. Naturally, the Government of Canada (GoC) sees this as the perfect time get households to take their shot at playing developer with state-backed loans. This week the GoC announced homeowners looking to turn an “unused basement or garage” into a […]
Canadian real estate investors expecting lower rates aren’t the only ones who got good news yesterday. Statistics Canada (Stat Can) data shows the rent component of the Consumer Price Index (CPI) slowed sharply in April. In a research note to investors, BMO explained the monthly move wasn’t the only data point to indicate a slowdown […]
Canadian real estate prices are still seeing record growth, just not when it comes to sales. A new research note from BMO shows annual growth of rental prices grew at a record pace in October. They note the issue is complicated even further by rents outpacing income growth for the first time in 60 years. […]
Canadian households are experiencing less intense inflation pain, but it still remains. Statistics Canada (Stat Can) data shows headline inflation in the Consumer Price Index (CPI) slowed in October. The deceleration was due almost entirely to falling gasoline prices, with inflation printing much higher numbers when excluded. Grocery and shelter costs continue to rise at […]
