Canadian real estate prices are growing to comical levels, as bad policy stacks up. U.S Federal Reserve data shows real adjusted home prices increased at double the pace of the U.S in Q3 2020. As big as the gain is, it’s one of many times Canadian real estate prices have outperformed the U.S. home prices. […]
Greater Vancouver residents have been fleeing to the country. New Statistics Canada (Stat Can) data shows the migration pattern of people from Vancouver CMA in 2019. Tens of thousands of former residents ditched the city for other parts of the country. Rural B.C. was the biggest winner of former residents, but so were other big […]
Canada’s real estate markets ended the year with an unusually busy month, without a lot of sellers. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio climbed across the country in December. Every major market saw much tighter inventory than last year, relative to sales. Over three-quarters of markets are “seller’s […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Mortgage Lenders Have Set Aside A Record Amount For Bad Loans Canada’s mortgage lenders are setting aside a record amount of money for bad mortgages. The loss allowance at large lenders reached $3.9 billion in Q3 2020, up 54.11% from […]
Canadian real estate price forecasts are so volatile, even the same firms can’t decide. RBC‘s senior economist released their real estate forecast, showing big gains for 2021. The forecast is contrary to the numbers RBC execs stated to investors, just last month. It’s not uncommon to have forecasts with different outcomes. However, it’s rare to […]
The vast majority of Canadians want to work-from-home, according to a new analysis from Canada’s largest bank. In RBC’s 2021 outlook, the bank’s economists note millions more now work-from-home as of last October. The forced shift to remote work, now has the majority of Canadians hoping to work-from-home, at least part of the time. Despite […]
Time for you cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Condo Buyers Warned By CMHC Still Getting Slaughtered The CMHC was totally wrong about the market. Or were they? It turns out a typical first-time condo buyer in Toronto and Vancouver have taken a big hit. Those […]
Canadian real estate markets may be on fire, but don’t let that fool you into thinking everyone’s made money. Canada Mortgage and Housing Corporation (CMHC) warned first-time homebuyers in April to be careful about jumping in. Despite a lot of real estate agents mocking the organization, the agency was mostly right. Typical condo buyers in […]
Greater Vancouver real estate is seeing big price growth, but it hasn’t made up for lost ground yet. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally increased in December. Some segments even printed very large year over year gains. However, the board’s data also shows prices are still around where they were […]
Canadian real estate will have strong demand, but growth is projected to shift soon. Canada Mortgage and Housing Corporation (CMHC) published household projections earlier today. The projection is based on Statistic Canada (Stat Can) population projections made in 2019. Even by the slowest measure, a rise in household formation is expected. However, traditionally high growth […]
