Toronto’s new home sales are re-entering the atmosphere but forming two distinct markets. BILD GTA and Altus Group data shows new home sales fell in September. Even with the dip, the volume remains historically strong for all segments. Prices are a little more complicated, with single-family homes soaring and condos dropping. Toronto Single-Family Home Prices […]
Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the firm isn’t expecting a big housing crash. The baseline model shows low […]
Canada is making a triumphant return to feudalism, where homeownership requires family wealth. A CIBC Capital Markets analysis shows 30% of first-time homebuyers received a down payment “gift.” Not a little help either, but it was the primary source of funds for the majority that received a gift. It’s now occurring at such a scale, […]
Time for your cheat on this week’s most important stories. Canadian Real Estate The World Has Millions Of Vacant Homes, And 1.3 Million Are In Canada: OECD Millions of homes sit vacant across the world, and Canada is one of the worst offenders. OECD data shows 1.34 million vacant homes in Canada, the fifth highest […]
Canadian consumers are lowering their expectations for home price gains. The Bank of Canada (BoC) released its Q3 2021 Survey of Consumer Expectations. One key takeaway from the survey is the household forecast of home price growth. The latest survey shows consumers lowered their expectations for how much prices will rise over the next year. […]
Think Toronto or Vancouver real estate is too expensive? Then consider more affordable places like Los Angeles, New York, or San Francisco. Oxford Economics released its North American Housing Affordability Index (HAI) for Q2 2021. The global forecasting firm found affordability has deteriorated across North America. Toronto and Vancouver real estate were in a league […]
Investors are taking over Canadian real estate markets, especially in Ontario. Teranet, the private operator of the province’s land registry, looked at buyers from January 2011 to August 2021. Their analysis shows the largest segment of buyers is now multiple property owners. Armed with cheap money, these investors now represent one in four Ontario home […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World Two Canadian cities landed themselves on the UBS Global Real Estate Bubble Index. The Swiss bank ranked Toronto as the second-largest bubble, and Vancouver as the sixth. […]
A little confused about Canadian real estate prices, and where they’re heading in the near term? You’re not alone. Home price data is starting to look a little confusing, even to the industry. RPS, the 30-year old property data giant owned by Brookfield, released its September home price index. The index, drawing from a larger […]
Hong Kong, New York City, and Paris? They have nothing on Canada’s biggest real estate bubbles. UBS released its annual Global Real Estate Bubble Index today. Two Canadian cities managed to rank near the top of the charts — Toronto and Vancouver. Toronto home prices now rank as the second biggest bubble in the world. […]
