Greater Toronto real estate may be approaching its peak. Toronto Regional Real Estate Board (TRREB) data shows the benchmark price generally climbed in June. Instead of moving all in one direction like the past few months though, it broke into segments. The 905 is doing much better than the City, which continues to underperform. So […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank Of Canada Is Quietly Updating Forecast Models To Include Debt And Real Estate The Bank of Canada is updating its primary forecasting model to include real estate and debt. The Terms-of-Trade Economic Model (ToTEM) will move to its third iteration soon. […]
Soaring home prices may be a pain for some generations, but not for Boomers. Royal LePage released the results of its 2021 Boomer Survey. The survey found the majority are homeowners, with many having most of their net worth in real estate. Soaring home prices aren’t a pain point, but a windfall. It’s no wonder […]
Canada’s real estate boom is starting to slow down, with fewer new projects taking the first step. Statistics Canada (Stat Can) data shows the dollar value of building permits fell in May. After coming off of record highs, a decline should have been expected for the most part. The size of the fall was definitely […]
Canadian home prices are so giant, just the down payment is now prohibitively large. Data from mortgage tech firm LowestRates.ca shows the average down payment by province. Building on their proprietary data, they estimate the amount used as a down payment to buy. The firm found BC has the largest average of any province, coming […]
Canadian home prices are booming in secondary markets — maybe a little too much. Canadian Real Estate Association (CREA) data shows secondary cities outperformed majors in May. This has led to a much smaller price gap between secondary and primary real estate markets. We crunched the numbers for Toronto and Vancouver, finding the gap is […]
Canadian home sales are sliding lower across the country, and new homes aren’t immune to the dive. The absorption of newly-built and priced homes slipped in April, according to the CMHC. The good news is the most popular purchase price range for new homes is lower than you think it is. The bad news is, […]
Canada’s largest bank sees the real estate market cooling down soon, especially for new homes. RBC Economics has forecast a sharp decline in new housing starts. The “Big Six” bank expects new building to slow down in the second quarter of this year, and taper into Q3 2022. This will result in a sharp fall […]
Rising home prices across Canada have increased so much, many homeowners can’t afford to sell. Zillow Canada commissioned a new survey via Ipsos on buying and selling real estate. Buried amongst the usual insights on things like affordability was an unusual insight for sellers. A quarter of homeowners ready to sell haven’t listed, because they […]
It’s not just Canadian home prices showing bubbly signs, but rental prices are following too. The cost of renting an apartment in the suburbs is rising much faster than in the city. Economists call this the flattening of the bid-rent curve, or rental gradient. Basically, the discount for being located further from amenities is disappearing. […]
