Despite having some of the most expensive real estate in the world, Canadian cities rank low on density. Unfortunately, they also rank pretty low for economic output.
The Canadian real estate slow down from higher interest rates is real, and parliament is projecting it will slow GDP growth until at least 2022.
Canadian real estate prices will stay flat until incomes catch up, eh? Let’s run some numbers to see how long that would take.
Crime is an important factor in determining the health of a local economy, so let’s take a dive through Vancouver’s latest crime stats.
Toronto’s having a tough time filling jobs. At the wages offered, employees would have to devote more than half their income on rent.
Canadian debt problems are getting out of control, Vancouver does have domestic speculators, and there’s a global pension shortage.
Canadians now hold over $2.025 trillion in debt according to the Bank of Canada, setting another all-time high, and it my be accelerating.
Median income for Canadians began falling in 2015 according to Statistics Canada latest survey release. This is the first time in 4 years.
The month’s not over yet, but we thought we’d give you a preview of how Vancouver real estate is doing so far in the month of May.
Canadians aren’t just buying new homes, they’re buying shiny new cars to match. Only problem is they’re using a record amount of financing.