Canadian real estate sales are trending lower, and taking mortgage growth with it. May’s numbers from the Bank of Canada (BoC) show we’ve hit the lowest pace of growth in years. Despite the low levels of growth, this number appears to be heading even lower. Annualizing Data To Understand Performance First, you’ll need to know WTF […]
Toronto real estate showed signs of life for the first time in a year, although there are a whole lot of footnotes. Toronto Real Estate Board (TREB) reported Greater Toronto price declines improved in May, compared to last month. Although they’re still down from the year before. Sales definitely did spike though! … but only […]
Statistics Canada has updated the non-resident real estate ownership stats for Greater Toronto. Finally, some data!
Have you ever woke up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of text messages, trying to figure out where you went wrong? Well that’s what the Canadian real estate industry just did, and man-o-man did people screw up. The […]
According to the Canadian Real Estate Associations’ SNLR, Toronto was the fastest cooling market in the country in May.
The Canadian real estate industry just became a little bearish. The Canadian Real Estate Association (CREA), the trade association representing the country’s agents, has revised their 2018 and 2019 sales forecast. The organization now sees sales falling even further this year, than they did during their prior forecast. Declines are now expected to be over […]
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate Can You Tell If These Central Bank Quotes Are About Canadian Real Estate In 2018, Or The US Before The Great Recession? The real estate industry listens very closely to the Bank of Canada, but how useful […]
If the adage that real estate prices follow credit growth is true, Toronto may be in for a rough ride. Using Bank of Canada (BoC) data to estimate dollar volumes, we see less mortgages are being issued in Greater Toronto. The decline is exclusive to traditional lenders, as more buyers turn to subprime loans. The […]
The real estate industry listens very closely to central bankers, and why wouldn’t they? Monetary policy heavily influences real estate prices. However, if you really listen to the words they use, you start to realize that they all sound the same… almost all of the time, regardless of what the economy is doing. Half joking, […]
Toronto real estate might be seeing sales plunge, but condo prices still hit a new all-time high… despite higher inventory.
