Canadian real estate is still one of the biggest drivers of the economy. Statistics Canada (Stat Can) numbers show gross domestic product (GDP) climbed in May. The monthly climb, which was higher than expected, was driven by growth in real estate and construction. Canadian Gross Domestic Product Rises 0.2% In May Canada’s real gross domestic […]
Canadian real estate developers are in a mad dash to build purpose built rental units these days. Canada Mortgage and Housing Corporation (CMHC) numbers show huge growth in rental units under construction in June. Canada hasn’t built this much rental stock at once in at least 30 years. Canada Has Never Had More Rentals Being […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate National Bank Of Canada: Don’t Take Real Estate Price Increase As A Sign Of “Vigour” Canadian real estate prices made a small increase, but NBC warns it’s not the sign of “vigour” you may think. National prices increased 0.76% in June, […]
Greater Toronto new home sales are improving, just not in the City of Toronto. Numbers from Altus Group, a leading real estate data firm, show a big climb for new home sales in June. While the climb is large, sales volumes are still below average for the month. Most interesting is the market shift. New […]
B.C. real estate markets are the fastest cooling in the country right now. Canadian Real Estate Association (CREA) numbers show sales to new listings ratios made a mild decline across the country. Most markets made improvements on a year-over-year basis. However, B.C.’s markets are cooling so fast, it was enough to weight the national market. […]
Canadians must be entering election season, because not even real estate prices will give a straight answer. The Teranet–National Bank of Canada House Price Index (TNB HPI) showed prices increased in June. Economists at the bank warn not to read too much into the increase, however. Without seasonal pressures, the index would have shown a […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Make A Small Gain, Weighed Down By Vancouver Canadian real estate sale made a small climb this year. There were 47,755 sales according to CREA, up 0.30% from last year. The number is higher than the […]
Young person looking to move to Toronto? Better line up a professional gig first, or expect to bunk up. Canadian Centre for Policy Alternatives (CCPA) crunched the numbers to find the wage needed to rent in Greater Toronto. Digging into the numbers, we can see how unsustainably high prices have become. The average one-bedroom is […]
Canadian real estate insanity has officially spread to every corner of the country. The Canadian Centre for Policy Alternatives (CCPA) conducted a rental affordability study across Canada. The non-partisan organization found minimum wage employees can’t even afford to rent these days. Minimum wage earners can only afford to rent an average one-bedroom in 3 small […]
After making a huge jump in May, Canadian real estate sales are slowing in growth again. Canadian Real Estate Association (CREA) numbers show an increase of less than a point in June. The increase was largely due to a jump in Southern Ontario, especially in Toronto. Lower Mainland was a drag on growth, with Vancouver’s […]
