Greater Toronto new home sales are picking up, but buyers are mixed on prices. Altus Group data shows new home sales across Greater Toronto made a double digit climb in July. Even with the rise in sales, trade volumes are still light this year. Prices followed with a mixed move – condo prices accelerating gains, […]
Canadian real estate owners with large mortgages are falling behind on payments. Canada Mortgage and Housing Corporation (CMHC) data shows a climbing delinquency rate on large mortgages in Q1 2019. The rate remains relatively low, but does show the trend is reversing, and the market peak is behind us. What Are You Looking At? Today […]
Toronto’s condo market is continuing its parabolic price move higher. Toronto Real Estate Board (TREB) numbers shows prices reached a new all-time high in July. Sales of condo apartments failed to make a seasonal decline in July. This applied more pressure to prices, as inventory made the usual drop. The result was more pressure on […]
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 […]
