Canada Ontario

Ontario’s Most Popular Real Estate Market Is Now Rural, While People Flee Toronto

Ontario residents are flowing out of the big cities, and looking for something a little more quaint. Statistics Canada (Stat Can) data shows intraprovincial migration for 2020. Rural regions are showing the biggest net-inflows of Ontario residents relocating within the province. Although almost everywhere in Ontario saw more people arrive than leave. Toronto being one […]

Top Stories

This Week’s Top Stories: Canadian Mortgage Lenders Set Aside Record Cash For Bad Loans, While The Economy Becomes More Real Estate Dependent

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada’s Mortgage Lenders Have Set Aside A Record Amount For Bad Loans Canada’s mortgage lenders are setting aside a record amount of money for bad mortgages. The loss allowance at large lenders reached $3.9 billion in Q3 2020, up 54.11% from […]

Canada

RBC Execs Call Falling Real Estate Prices, While Their Economist Says They’ll Rise

Canadian real estate price forecasts are so volatile, even the same firms can’t decide. RBC‘s senior economist released their real estate forecast, showing big gains for 2021. The forecast is contrary to the numbers RBC execs stated to investors, just last month. It’s not uncommon to have forecasts with different outcomes. However, it’s rare to […]

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This Week’s Top Stories: Toronto and Vancouver Condo Buyers Hit With Big Losses, While Severe Delinquencies Rise

Time for you cheat sheet on this week’s most important stories. Canadian Real Estate  Toronto And Vancouver Condo Buyers Warned By CMHC Still Getting Slaughtered   The CMHC was totally wrong about the market. Or were they? It turns out a typical first-time condo buyer in Toronto and Vancouver have taken a big hit. Those […]

Canada

Ontario and BC Projected To Pass Peak Population Growth Soon, Prairies To Lead

Canadian real estate will have strong demand, but growth is projected to shift soon. Canada Mortgage and Housing Corporation (CMHC) published household projections earlier today. The projection is based on Statistic Canada (Stat Can) population projections made in 2019. Even by the slowest measure, a rise in household formation is expected. However, traditionally high growth […]