Toronto real estate is super expensive, which is why there’s so much political support for first-time buyers… right? What if we told you first-time buyers might be a large part of why prices are so high? Altus Group, a massive real estate insight company, published survey results on first-time buyers. The claim that first-time buyers […]
Canadian real estate markets are still significantly cooler than we’ve gotten used to. The National Bank of Canada–Teranet House Price Index (Teranet HPI) resumed price growth deceleration in January. Prices also failed to rise on a monthly basis, for the fifth month in a row. The monthly movement (or lack of), occurred for the first-time […]
The Government of Canada is mulling over how to increase household debt. Seriously. The Ministry of Finance is considering extending the maximum amortization for insured mortgages. The move would lower payments relative to 25 year amortizations, in exchange for paying more interest. The move helps in the short-term, but can cost households a lot more. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Last Time Canadian Household Debt Grew This Slow Was 1983 Canadian household debt hit a new record high, but the growth rate is decelerating. The balance of outstanding debt reached $2.16 trillion in December, up 3.1% from the year […]
Everyone knows the easiest way for a first-time buyer to buy a home, is to already own a home. The Toronto Real Estate Board (TREB) published results from its annual buyer survey. The survey asks recent and intending buyers about their experience, and gives the industry insights into their behavior. Most of it was not […]
Toronto real estate buyers demonstrated they are still exuberant, but there’s a lot less of them. Toronto Real Estate Board (TREB) numbers show prices climbed in December, but are off peaks. The month also came in at a multi-year for inventory, and the second fewest sales in 11 years. That sales number is likely to […]
If you’re looking for a new home in Greater Toronto, there’s a whack of supply that continues to rise. Altus Group numbers obtained from BILD show December inventory was the highest in years. The rising inventory came as the market saw the fewest new home sales since the Great Recession. Greater Toronto New Home Prices […]
Falling Canadian real estate sales are still taking a bite out of mortgage growth. Bank of Canada (BoC) numbers show mortgage debt reached a record high in December. Despite the record, the annual pace of growth fell to a multi-year low. In fact, it’s only been lower for one month, over the past 30 years. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Drop Over $38 Billion In Business Last Year Canadian real estate sales made a huge drop in dollar volume. Sales through the MLS racked up to $224.04 billion in 2018, down 17.78% from the year before. […]
Canadian real estate buyers spent a lot less cash last year. Canadian Real Estate Association (CREA) numbers show dollar volumes made a massive decline in 2018. The total amount spent on real estate resales made a massive drop, largely do to declines in Toronto and Vancouver. Why Look At Dollar Volume? Dollar volumes aren’t just […]
