Canadians Add An Average of $187,000 Per Minute To The Household Debt Balance
Canadians are racking up a whack of debt, especially for real estate. That appears to be coming to an end, and fast.
This Week’s Top Stories: Toronto Real Estate Looks Like A Classic Bubble Chart, and Canadian Interest Rate Hikes Are Setting Up For An Economic Slowdown
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems The impact of rising interest rates is showing up in Canada’s measure of “cash.” The M1+, a measure of cash-like instruments, increased 3.9% on an annual basis in […]
Toronto Real Estate Prices Literally Look Like The Textbook Chart For Asset Bubbles
No, we won’t call Toronto real estate a bubble today. Usually we shy away from using the B-word entirely. Canadians tend to look at you like you’ve insulted their mother when you say it. Instead we’re going to discuss the phases of a real estate bubble, and let you make a decision for yourself. Understanding […]
Toronto Real Estate Sales Rise In The 905, Drop In The City
Toronto real estate sales are improving in the suburbs after being hit hard last year, while the city is starting to see signs of moderation.
This Week’s Top Stories: New Condo Sales Plummet In Toronto, and Canada’s HELOC Problem Is Over 3x Worse Than The US
Time for your weekly cheat sheet for this week’s most important stories. Canadian Real Estate Canada’s HELOC Problem Is One Of The Biggest Risks For Real Estate Canada’s home equity line of credit problem has reached epic proportions. The balance of outstanding HELOC debt reached $286.81 billion in Q2 2018, up 1.83% from the quarter […]
Toronto Sees New Condo Sales Fall Over 52%, Inventory Spikes Over 63%
Greater Toronto new condo sales experienced a drop in July, helping to send inventory much higher… and the industry is expecting more.
Canada’s Fastest Growing Real Estate Prices Aren’t In Toronto or Vancouver
Canada’s small cities seem to be catching FOMO. Canadian Real Estate Association (CREA) numbers show large cities are seeing price growth taper. Meanwhile, smaller real estate boards are seeing real estate price growth outpacing major cities. Yes, You Should Care About National Prices We know, you don’t care what’s happening in Ottawa – you live […]
Toronto Tops North American Crane Count, and There’s 400 More Projects Proposed
No other North American city has more high-rise construction cranes, as the rush to develop Toronto real estate reaches a fevered pitch.
Toronto Becomes Canada’s Most Expensive Rental Market, As Vancouver Prices Drop
Vancouver rental prices made a massive drop in June, making Toronto the country’s most expensive rental market.
Did Canadian Real Estate Prices Just Make An Exhaustion Move?
A few weeks ago, Bay Street’s top strategist invited me to breakfast, to talk kittens and rainbows. Kidding, we obviously talked about Canadian real estate. Most of the conversation was just a rehash of data we post here, but he did say something that stuck with me. Towards the end of breakfast he goes, “an […]
