Canadian Real Estate Offices See Largest Decline In Output Since 2008
Big declines in output from the Canadian real estate industry helped send Canada’s Gross Domestic Product (GDP) lower, according to Statistics Canada.
This Week’s Top Stories: A 200 Year Old Lesson On Artificial Scarcity, and Canadian Real Estate Is Now Easier To Buy In China Than Canada
We know you’ve been busy, so here’s your weekly cheat sheet on the most important real estate stories. You’re welcome. Canadian Real Estate The Canadian Mortgage Machine Fires Up Again, As Debt Levels Resume Growth Canadian mortgage debt resumed growth in February, despite taking a break the month before. Total household debt rose to $2.125 […]
Canadians Paid A Record $42 Billion In Interest To Service Their Mortgages In 2017
Canadians don’t just have a buttload of debt sitting on the sidelines, they’re paying a buttload for the privilege of borrowing it.
Greater Toronto Real Estate Sees Largest Drop In Demand Across Canada
Toronto real estate just slipped into a balanced market, a huge drop from being in deep seller’s territory just a few months ago. Here’s how it compares to the rest of Canada.
The Canadian Mortgage Machine Fires Up Again, As Debt Levels Resume Growth
Canadian real estate buyers helped to send outstanding debt levels to new highs, as outstanding mortgage credit resumed its growth.
Toronto and Vancouver See Cost of Living Rise Over 20% Faster Than The Rest of Canada
First housing, now everything else. Statistics Canada (StatsCan) numbers show the cost of living is rising faster than anticipated. The Consumer Price Index (CPI), a common measure of inflations, showed a huge jump over the past 12 months. This jump was spread across the country, but Toronto and Vancouver observed even higher than average increases. […]
The Lauderdale Paradox, And Artificial Scarcity In Canadian Real Estate
The value of Canadian real estate has been debated for some time. Those that benefit from ownership, often say “fundamental value” is sending prices higher. Further adding that the increase of home prices, results in an increase of wealth for the country. Housing activists say that real estate has become highly commoditized. They argue, escalating […]
Toronto Real Estate’s Newest Lie: Rent Controls Force Landlords To Lose Money
The Toronto real estate scene appears to be grossly misinformed when it comes to rent controls. Since Ontario announced the Fair Housing Plan, real estate agents, developers, and even politicians have said the province is attacking landlords. You’ve probably heard someone on the news, or even a friend, discuss how the “unfair” the new Rental […]
Toronto Condo Sales Drop, Inventory Soars… But Prices Are Still Climbing
Toronto condo prices are still climbing at the same pace as last year, despite a huge drop in sales, and inventory climbing back to historic levels.
Canadians Using Real Estate To Secure More Debt Reaches New Growth Record
Canadians are putting up their residential real estate to secure loans, at one of the fastest rates in history. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured by real estate made a seasonal decline in January. The seasonal decline however, is at a much slower pace than previous […]
