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. […]
Time for your weekly cheat on this week’s top stories. Canadian Real Estate Global Stagflation Reminiscent Of The 1970s Is Forming, And It’s Bad News: National Bank National bank of Canada’s chief economist warned of a new risk — stagflation. This is a period of high inflation and low economic growth, and the first signs […]
Canadian real estate is in for a short-term boost, but market factors are likely to cool demand. BMO‘s Robert Kavcic’s latest research note covered Toronto real estate’s September boom. The bank’s senior economist sees a short-term boost to demand, as conditions tighten. This should be tempered by a rising rate environment in the not-so-distant future. […]
Ontario residents are leaving the province, but where are they heading? Statistics Canada (Stat Can) interprovincial migration data for Q2 2021 shows out West, mostly. Here’s where people fleeing Ontario have been heading during the pandemic. Ontario Lost Over 37,000 People To Other Provinces In Just A Quarter Ontario residents have been moving in unusually […]
Greater Toronto real estate prices are once again soaring after a post-election boom. Toronto Regional Real Estate Board (TRREB) data shows composite home prices climbed in September. Price growth had been decelerating after peaking in the summer, but accelerated suddenly. Only one month of acceleration is too early to say the slowdown has reversed. However, […]
First it was Vancouver… then Toronto. Add Halifax to the list. Then Niagara, Hamilton… Woodstock? Don’t worry, I have no idea where that is either. Canadian real estate is now so frothy even the government can’t ignore it. The Canada Mortgage and Housing Corporation (CMHC) published its Q3 2021 Housing Market Assessment (HMA). In it […]
Canadian households are now so indebted, it exceeds the annual output of the economy. Statistics Canada (Stat Can) data shows the gross domestic product (GDP) printed modest quarterly growth in Q2 2021. The growth was dwarfed by household debt, which now exceeds the size of the country’s GDP. Economies with such large household debt loads […]
