Canada’s fast moving real estate market is still seeing demand shift to the East Coast. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio improved in July. On the national level, there was only a small increase. However, that’s because large gains in the East, are being weighed down by large […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Yield Curves: Canada’s Recession Indicator Is Now Flashing Red Alert Another indicator is warning that a recession is likely approaching in Canada. The 10-2 spread, the difference between 10 and 2 year government bonds, turned negative. A negative spread, a.k.a. yield […]
Canadian real estate price growth may not be what it appears to be, according to a Big Six bank. Teranet – National Bank of Canada House Price Index (TNB HPI) numbers show a prices increased in July. However, the growth rate is down to the lowest level since the Great Recession. The index authors also […]
Canadian real estate prices are back to growing, after seeing minor price declines for half of a year. Canadian Real Estate Association (CREA) numbers show home prices have returned to growth in July. National price growth is being driven by a boom in markets that underperformed over the past 5 years. Canadian Real Estate Prices […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad Ontario’s first-time buyers aren’t pursuing ownership alone, and instead are looking for much older help. Condo apartments bought with multiple owners with an age gap of 20 […]
The bank of mom and day may be undergoing an aggressive expansion. Teranet, Canada’s largest land registry operator, conducted an analysis on ownership in Ontario. First-time buyers scoring a place on their own is on the slide. Most aggressively taking its place, is buying with a second owner at least 20 years older. The firm […]
World’s largest bubble? Canadians aren’t buying it, but they are rushing to buy homes again. Canadian Real Estate Association (CREA) numbers show a massive jump in sales for July. The increase makes it the most July sales in years, with only 2 major markets showing declines. Canadian Real Estate Sales Rise Over 12% From Last […]
Greater Toronto’s detached real estate market made big improvements last month. Toronto Real Estate Board (TREB) numbers show both prices and sales moved higher in July. While improved from last year, they haven’t returned to normal growth or volumes. Prices made a minimal move higher by the best performing measure, with suburbs doing best. Sales […]
Still wondering if Canadian real estate is running the economy? Just look at the latest job numbers. Statistics Canada (Stat Can) numbers show a small uptick in unemployment, with 24,000 jobs lost in July. However, the weakness didn’t impact the real estate and construction industries. Both sectors are now at an all-time high for jobs, […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver Stabilizing Warning signs exist for Canada’s real estate markets, but things are improving. The CMHC sees “moderate” vulnerabilities across Canada. Toronto held its rating of “high” vulnerability, due to overvaluation and overheating. Vancouver […]
