Not seeing the benefits of the booming economy the Canadian government keeps telling you about? Neither does the World Economic Forum, that ranks Canada low for economic inclusiveness.
Canadian real estate prices are closely related to employment and interest rates. Here’s why we might be looking at employment numbers wrong, and how that may have contributed to a premature rise in interest rates.
Canadian real estate debt problems are growing, as seniors increasingly turn to reverse mortgages to make up the gap between their home equity and retirement savings.
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.
Canada’s high real estate prices, and broke Millennials dragged the rate of homeownership back to pre-Great Recession levels.
Vancouver real estate buyers could be in for a rough ride, as OSFI approves B-20 guidelines to stress test uninsured mortgage borrowers.
Canadian real estate prices will stay flat until incomes catch up, eh? Let’s run some numbers to see how long that would take.
Toronto real estate prices are sky high, but almost half of the city can still “afford” it in the current lending environment.
Montreal household incomes are up from the last census, but are still behind the median household across Canada.
Toronto real estate isn’t doing so hot, and Toronto and Vancouver see huge growth in six-figure households, but stagnant median incomes.