Vancouver Is Seeing Less Sales In May…and More Inventory
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 Are Buying A Record Number of New Cars, With A Record Amount of Financing
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.
Real Estate Is The Only Reason Canada’s GDP Grew In February
Canada is now so dependent on real estate, it was the only reason the economy grew in February. Careful with those “cooling” measures.
Canada’s $1.1 Trillion Shadow Banking Sector Is Now Half As Large As Banks
Canada’s addiction to credit has created a massive shadow banking sector, which is now more than half the size of traditional banks.
Bank of International Settlements Flags Canada For Financial Crisis Next Year
Canada’s credit-to-GDP gap has the international banking watchdog warning that a financial crisis will come as early as next year.
Toronto’s Trendy Queen Street West Is Filling With Empty Storefronts
Toronto’s trendiest neighborhood is filling up with empty storefronts, as soaring real estate prices are leaving Torontonians short on cash.
PwC: Canada To Drop Out of Top 20 Economies, US To Fall To 3rd
Top accounting firm PwC sees a few developing countries surpassing many of today’s advanced economies, here’s how they ranked.
Canadian Consumers Set A New Debt Record, Over $2 Trillion
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.
Toronto Rental Rates Surged An Average of $1500/Year In 2016
Toronto rental rates surged up to 25% in the last quarter of 2016, according to the latest release from the Toronto Real Estate Board.
Unemployment In Alberta Reaches A 22 Year High In 2016
Alberta reached a 22 year unemployment high, posting the largest single-year loss of jobs for the province since the Great Recession.
