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 […]
Canadian real estate markets are placing a big premium on living further from the city. Bank of Canada (BoC) found city centers showed the smallest annual price growth in Q4 2020. Home prices generally saw larger growth further from the city, as people flee the centers for more space. Greater Toronto Real Estate Prices Climbed […]
Canadian home prices are going to have a difficult time moving higher from here. Desjardins, the country’s largest cooperative financial group, updated its affordability index for Q1 2021. At the national level, the index plunged to the worst level of affordability in over a decade. Their model indicates a substantial price increase would be difficult […]
Canadian real estate sales are printing big numbers, but the market is apparently moderating. That’s the take from RBC economics, whose latest analysis shows sales slowing in April. New listings have also begun to rise, helping to ease the inventory squeeze. However, the market has yet to acknowledge this, as price growth generally accelerated. Canadian […]
Canada’s young adults are fleeing the city, and the trend may be far from over. A Royal LePage survey of Canadian home buying intent of people aged 25 to 35 shows a quarter bought during the pandemic. This supports data showing young adults have been fleeing major cities, and sending rural home prices soaring. The […]
