This Week’s Top Stories: Canadian Real Estate Drags The Economy, Risky Mortgage Debt, and Hidden Foreign Capital

Time for your weekly cheat sheet on this week’s most important stories.  Canadian Real Estate Canadian Housing Investment Is Falling, And Will Be A Drag The Economy: BMO Canadian real estate investment is starting to slow, and a big bank thinks it’s just the beginning. The GDP sub-component of residential investment made an annualized decline […]

Foreign Investors Are Scooping New Condo Supply In Toronto and Vancouver… Again

Toronto and Vancouver condos are starting to attract foreign buyers again… at least the newer inventory is. Canada Mortgage and Housing Corporation (CMHC) data show a mixed movement in 2020. Toronto’s total rate of non-resident condo ownership declined, while Vancouver’s increased. Both cities are still seeing non-resident ownership of new supply climb though. Foreign Buyers […]