One of Canada’s largest provinces is looking to not just slow study permit growth, but reverse it. The Government of Quebec recently tabled legislation to seek greater control of the circumstances in which study permits are issued. This comes as a part of a larger strategy from the region’s policymakers to take on a more […]
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the firm isn’t expecting a big housing crash. The baseline model shows low […]
Canada is making a triumphant return to feudalism, where homeownership requires family wealth. A CIBC Capital Markets analysis shows 30% of first-time homebuyers received a down payment “gift.” Not a little help either, but it was the primary source of funds for the majority that received a gift. It’s now occurring at such a scale, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada Is Running Out Of Land. It Does That Every Few Years Canada is running out of land, and it turns out it does this every ten to twenty years — at least in the mind of residents. We dive through […]
Canadian homebuyers are paying large premiums to live in some cities. National Bank of Canada (NBC) data shows most cities are cheaper than the national home price in Q1 2021. Two big exceptions are Toronto and Vancouver, which fetch massive premiums. Let’s take a look at how much more people need to pay in contrast […]
Canada’s property bubble is reaching the point where few people in the country can buy. Home price growth is still surging across the country, but sales are falling. The odd combination made us curious how many households can still afford to buy. To the surprise of no Millennials, very few people can afford to buy […]
One of Canada’s frothiest market indicators surfaced — rents are rising with vacancies. Canada Mortgage and Housing Corporation (CMHC) data from their 2020 rental survey shows a sharp uptick in vacancies. Normally this is expected to bring prices down, but not in a property bubble. Rental prices continue to rise along with increasing vacancies. In […]
Canadian real estate prices have been on a tear, with a typical home now making more than the people inside of it. Still, a new model from the Bank of Canada (BoC) thinks that’s not bubbly, and is within their policy. The central bank’s Q1 2021 numbers show only three real estate markets are exuberant. […]
Canadians hoping higher incomes will boost home prices are in for a disappointment. In Q2 2020, the average household income soared, raising home price expectations. An analysis from Dejardins shows the average after-tax household is much lower in Q1 2021. In just one year, incomes soared, fell, and are now basically where they were a […]
