Canadian consumers are lowering their expectations for home price gains. The Bank of Canada (BoC) released its Q3 2021 Survey of Consumer Expectations. One key takeaway from the survey is the household forecast of home price growth. The latest survey shows consumers lowered their expectations for how much prices will rise over the next year. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World Two Canadian cities landed themselves on the UBS Global Real Estate Bubble Index. The Swiss bank ranked Toronto as the second-largest bubble, and Vancouver as the sixth. […]
Hong Kong, New York City, and Paris? They have nothing on Canada’s biggest real estate bubbles. UBS released its annual Global Real Estate Bubble Index today. Two Canadian cities managed to rank near the top of the charts — Toronto and Vancouver. Toronto home prices now rank as the second biggest bubble in the world. […]
Time for your weekly cheat on this week’s top stories. Canadian Real Estate Global Stagflation Reminiscent Of The 1970s Is Forming, And It’s Bad News: National Bank National bank of Canada’s chief economist warned of a new risk — stagflation. This is a period of high inflation and low economic growth, and the first signs […]
Greater Vancouver real estate prices got an abrupt bump last month. Composite home prices jumped in September, according to the Real Estate Board of Greater Vancouver (REBGV). Prior to last month, the market had been slowing after large growth over the past year. Even with a recent boom, homeowners that bought at the previous peak […]
First it was Vancouver… then Toronto. Add Halifax to the list. Then Niagara, Hamilton… Woodstock? Don’t worry, I have no idea where that is either. Canadian real estate is now so frothy even the government can’t ignore it. The Canada Mortgage and Housing Corporation (CMHC) published its Q3 2021 Housing Market Assessment (HMA). In it […]
Canadian households are now so indebted, it exceeds the annual output of the economy. Statistics Canada (Stat Can) data shows the gross domestic product (GDP) printed modest quarterly growth in Q2 2021. The growth was dwarfed by household debt, which now exceeds the size of the country’s GDP. Economies with such large household debt loads […]
Canadians are about to see a flood of housing supply like they’ve never seen before. An RBC analysis found multi-year highs for various stages of new home construction in Q2 2021. New housing starts reached the highest level in over three decades. Homes completed are expected to hit a similar multi-decade high in the next […]
Canadian bond yields have been sliding for the past few weeks, but that changed pretty fast. Global bond yields surged on Thursday after central banks expressed hawkish views overnight. By communicating their intention to ease stimulus, an abrupt market change occurred. Long-term yields have now climbed to the highest level in months. Experts say this […]
Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of up to 25% of their maximum mortgage size. Expansion of credit during a low […]
