Time for your cheat sheet on this week’s top stories. Canadian Real Estate Fitch Warns Canada of Credit Downgrade—That’s Bad News For Mortgages Canada’s supersized budget may soon cost households a lot more to borrow. Fitch Ratings warns the country faces a downgrade from AA+ to AA, citing gross debt more than twice the peer […]
Greater Toronto real estate shattered hopes of a turnaround. Toronto Regional Real Estate Board (TRREB) data shows home prices fell for a fifth consecutive month in October, hitting the lowest level in over four years. At the same time, weak demand and a surge of sellers pushed inventory to a record high. Toronto Real Estate […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Uses US Bubble Scheme To Transfer Investor Risk To Home Buyers Ontario is the latest province to offer sales tax relief to first-time buyers of new homes. The move follows federal incentives announced earlier this year, adding to the recently introduced […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgages Backed By Inflated Home Values, Zero Equity Canadian lenders are using inflated new home appraisals to increase mortgage leverage. Following the sharp drop in home prices, lenders are turning to blanket appraisals—which recognize the contract price as the asset value. […]
Canadian real estate is forecast to see some sunshine—but not without periods of volatility. RBC now sees a gradual path to recovery for home sales, but warns it will be uneven, softening its stance on a “soft landing.” Most markets are expected to improve—except Toronto and Vancouver, where prices are seen falling further. The outlook […]
Canadian real estate sellers all had the same brilliant idea last month: list before inventory surges. Canadian Real Estate Association (CREA) data shows September sales hit a multi-year high, but the volume remained tepid—especially in contrast to the record flood of new listings. Market balance is now the weakest since the ’90s real estate crash, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Resembles US Bubble After Perfect Storm: BMO Canadian real estate’s correction now mirrors the 2007 US housing bubble, according to BMO. Ontario prices have plunged much faster than any historical correction, more closely tracking US housing post-Great Recession. If […]
Halifax real estate is pitched as an affordable alternative to Toronto, once the world’s second-largest bubble. That pitch was successful, helping prices nearly double over just two years. There’s just one problem—Toronto’s condo bubble has popped, with prices falling 21% and all signs pointing to further declines. With Halifax condo prices near all-time highs, the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Renters Outperform Homeowners In Most Cities: Even In Toronto Canadian real estate is renowned as a strong investment, but renters could have easily outperformed returns. PWL Capital compared renter savings—invested in an index fund—to the cost of home ownership. Investing the […]
Toronto real estate may have to accept that its pre-pandemic premium is gone. TRREB data shows composite home prices fell further in September, with losses accelerating. A mild uptick in sales was overshadowed by inventory surging to a record high. The demand balance is weaker than during the 90s crash, the region’s last major correction. […]
