Canadian real estate prices have once again turned into a runaway freight train. The Canadian Real Estate Association (CREA) October Home Price Index (HPI) made a big jump. Home prices across the country are now rising at the fastest annual rate since June. This has almost entirely reversed the pre-election slowing of growth. Canadian Home […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Building Investment Has Officially Gone From A Correction To A Crash Canadian home building investment has officially gone from a correction to a crash. Seasonally adjusted real residential construction investment fell to $8.4 billion in September. This is a drop […]
Hoping to win the title of being one of Canada’s highest-earning households? It’s an easier hurdle to clear than it used to be — though let’s be honest, it’s still difficult to cross. Statistics Canada (Stat Can) data shows the results of 2019 tax filings. The threshold for being a top-earning household made a small […]
It’s widely known that Canadian real estate affordability is getting worse, but it’s hard to picture. The latest affordability report from National Bank of Canada (NBC) can help with that. They crunched the numbers on how long it takes to save for the minimum down payment on a non-condo home. As of Q3 2021, it […]
BC’s Inquiry Into Money Laundering might be wrapping up, but there’s still a lot of data to trawl through. One data set is from the Canada Border Services Agency (CBSA) and cash seized from travelers. Between April 2015 and March 2020, the agency seized well over $100 million in undeclared large cash holdings from travelers. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks Moved $167 Million From Dodgy Sources, And Even Issued Mortgages We look at one exhibit from the Cullen Commission, BC’s Inquiry Into Money Laundering in Canada. Counsel found a family was able to move $132 million from dodgy sources without […]
Canadian real estate has a rock-solid reputation with consumers but institutions are warning each other to be careful. Global credit rating agency Moody’s shared their latest Canadian mortgage market assessment. After stress testing portfolios, the agency warns mortgages are “riskier” for lenders. Big lenders are now more concentrated in BC and Ontario, where home prices […]
Greater Toronto real estate prices were cooling but have reversed course post-election. Toronto Regional Real Estate Board (TRREB) data shows prices surged higher in October. Not a little either, but a typical home saw a monthly increase of nearly a year’s pay at the median wage. Stimulus driven pandemic demand met typical October inventory to […]
It’s not just Toronto or Vancouver real estate. Canadian home prices have risen so fast, they’re no longer affordable for Canadians in general. The Desjardins Affordability Index (DAI) shows housing became less affordable in Q3 2021. Falling incomes and rising home prices combined to create a national affordability crisis. The financial institution doesn’t see much […]
We talk to investigative reporter Sam Cooper about his new best-seller Wilful Blindness. He unpacks how global crime networks, corrupt officials, and money laundering are inflating real estate prices in Toronto and Vancouver, as well as other global cities.
