Ontario real estate is dominated by investors, and this didn’t happen overnight. Statistics Canada (Stat Can) data confirmed investor-ownership using 2020 tax data. Diving into the numbers, we found that most of Ontario’s new condos (2016 or later) are owned by investors. It’s not just big cities like Toronto or Hamilton either, most new condo […]
The call is coming from inside the House. Canadian real estate is significantly overvalued, according to the government’s own research. A new report from the non-partisan Parliamentary Budget Officer (PBO) dropped this week. It looks at housing affordability, and is meant to give policymakers a primer on the issue. The report concludes real estate prices […]
Canada’s population growth came to a halt during the start of the pandemic, but it’s back with a fury. Statistics Canada (Stat Can) data shows population growth had the second biggest quarter ever in Q4 2021. Estimates are now back to pre-pandemic levels, as backlogs begin to clear. Most of this growth was concentrated in […]
Canada’s largest real estate board confirmed it’s building a for-profit subsidiary. The Toronto Real Estate Board (TRREB) emailed members to announce its new for-profit plan. This comes after brokers began to rally support for an inquiry into the decision to pursue profits. Some allege the plan was done in secret, but the board says they […]
A power struggle is quietly building at Canada’s largest real estate board. Brokers at the Toronto Regional Real Estate Board (TRREB) received an anonymous letter calling for an inquiry into its management. The letter claims the non-profit board is creating a for-profit entity without member approval. This lit up broker chats, which are rallying support […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Housing Investment Is Falling, And Will Be A Drag The Economy: BMO Canadian real estate investment is starting to slow, and a big bank thinks it’s just the beginning. The GDP sub-component of residential investment made an annualized decline […]
Greater Toronto insolvencies are following the rest of the country towards multi-year highs. Office of the Superintendent of Bankruptcy (OSB) filings show the number of insolvencies increased in February. This is a general trend that has been occurring across the country. Greater Toronto insolvencies are growing at a faster rate than Ontario as a whole, […]
Canadian real estate sales were on fire last month, and not just in a few regions. Canadian Real Estate Association (CREA) data shows sales across the country jumped in January. The rise in sales was the largest the month has seen in over a decade. That helped to push the sales volumes to the highest […]
Canadian insolvency filings are on the rise, and the country’s largest city is far from immune. Office of the Superintendent of Bankruptcy (OSB) filings show Greater Toronto insolvencies climbed fast in Q4 2019. The whole province of Ontario has seen an acceleration in the number of filings, with the second largest growth in the country […]
Canada is in the midst of an immigration boom, but Ontario is losing ground. Statistics Canada (Stat Can) data shows more non-permanent residents arrived in Q3 2019. A lot more, actually. The net increase of non-permanent residents was the highest of any quarter, going back to the 1970s – the last year calculated by the […]
