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Tag: Economy

Vancouver

Vancouver Is Seeing Less Sales In May…and More Inventory

Vancouver Is Seeing More Sales In May...and More Inventory
May 24, 2017May 24, 2017

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.

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Canada

Canadians Are Buying A Record Number of New Cars, With A Record Amount of Financing

Canadians Are Buying A Record Amount of Cars, With Longer Financing Terms
May 8, 2017May 8, 2017

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.

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Canada

Real Estate Is The Only Reason Canada’s GDP Grew In February

Real Estate Is The Only Reason Canada’s GDP Grew In February
May 1, 2017

Canada is now so dependent on real estate, it was the only reason the economy grew in February. Careful with those “cooling” measures.

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Canada

Canada’s $1.1 Trillion Shadow Banking Sector Is Now Half As Large As Banks

Canada’s $1.1 Trillion Shadow Banking Sector Is Now Half As Large As Banks
April 20, 2017

Canada’s addiction to credit has created a massive shadow banking sector, which is now more than half the size of traditional banks.

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Canada

Bank of International Settlements Flags Canada For Financial Crisis Next Year

Bank of International Settlements Flags Canada For Financial Crisis Next Year
March 11, 2017March 11, 2017

Canada’s credit-to-GDP gap has the international banking watchdog warning that a financial crisis will come as early as next year.

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Toronto

Toronto’s Trendy Queen Street West Is Filling With Empty Storefronts

Toronto’s Trendy Queen Street West Is Filling With Empty Storefronts
February 28, 2017

Toronto’s trendiest neighborhood is filling up with empty storefronts, as soaring real estate prices are leaving Torontonians short on cash.

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Canada US

PwC: Canada To Drop Out of Top 20 Economies, US To Fall To 3rd

PwC - Canada To Drop Out of Top 20 Economies, US To Fall To Third By 2050
February 27, 2017

Top accounting firm PwC sees a few developing countries surpassing many of today’s advanced economies, here’s how they ranked.

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Canada

Canadian Consumers Set A New Debt Record, Over $2 Trillion

Canadians Consumers Set A New Debt Record, Over $2 Trillion
February 7, 2017February 7, 2017

Canadian real estate helped drive consumer debt levels so high, it would take the net worth of the 9 richest people in HISTORY to pay it off.

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Toronto

Toronto Rental Rates Surged An Average of $1500/Year In 2016

Toronto Rental Rates Surged An Average of $1500:Year In 2016
January 31, 2017January 31, 2017

Toronto rental rates surged up to 25% in the last quarter of 2016, according to the latest release from the Toronto Real Estate Board.

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Alberta

Unemployment In Alberta Reaches A 22 Year High In 2016

Unemployment In Alberta Reaches A 22 Year High In 2016
January 24, 2017January 24, 2017

Alberta reached a 22 year unemployment high, posting the largest single-year loss of jobs for the province since the Great Recession.

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