Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Immigration Changes To Double Population Growth Rate: BMO Canada’s looking to boost its immigration, but it hasn’t framed it that way. Officially, the target is to add 380,000 new permanent residents per year for 2027-29. However, BMO economists estimate that special […]
The Ontario real estate correction has another ominous point—unpaid property taxes. Filings with the Government of Ontario show municipalities are still struggling to collect $2.43 billion in overdue property taxes at the end of 2025. The filings show the arrears rate of property taxes is now at the highest level since 2001. About Today’s Data […]
The Greater Toronto and Hamilton Area (GTHA) rental market is tightening—if you exclude new supply. A new report from Urbanation shows a falling vacancy rate for stabilized purpose-built rental buildings in Q3. However, including new buildings still trying to find their first tenants reveals roughly 1 in 8 units are vacant, with a lot more […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada To Lift Ban On Foreign Buyers of New Homes For “Affordability” Canada’s Budget 2026 will extend the foreign buyer home ban but exempt new homes. Billions in taxpayer back incentives were used to create supply with the narrative of bringing prices […]
Greater Toronto real estate prices have now seen the largest correction in history. That didn’t stop prices from slipping further in October, according to TRREB data. Lofty inventory and weak sales pushed prices down to their lowest level in almost 6 years. Toronto Real Estate Prices Have Plunged 28.4% Since Peak The price of a […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Stalls, Propped Up By Retail And Credit Cards Canadian economic output is starting to struggle. Real GDP was flat for a second straight month in August, with only 9 out of 20 industrial sectors showing growth. Stalling appears to be […]
The Ontario real estate downturn is expected to worsen. Mortgage arrears in the province are approaching 2008 levels, according to the CMHC. The risk is even further amplified in Greater Toronto, especially with private lenders. The agency warns Ontario’s sharpest and most persistent surge in arrears will persist through mid-2027. Ontario’s Real Estate Boom and […]
Canada’s real estate correction has largely been concentrated in one province, but that may change soon. Canadian Real Estate Association (CREA) data shows prices fell in September. All but one province moved lower, with BC going from resilient to leading the way lower in the past year. Other provinces, some of which hit record highs […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall Even Further: Oxford Economics The Canadian housing crash is already the largest on record, and it may not be over. Oxford Economics is forecasting prices and sales falling further through early 2027. Higher rates, elevated energy […]
Greater Toronto Area (GTA) new home sales picked up in September, but the recovery remains shaky. BILD and Altus Group data shows sales rose 63.9% from last year, but they remain historically weak. The bigger story is prices—nearly a third of the single-family correction has occurred in the past 4 months. New condo prices have […]
