Canadian immigration policy changes may mean a drastic shift for new home prices in the coming month. Statistics Canada’s October New Housing Price Index (NHPI) shows the sharpest monthly drop since 2009. The drop comes after the index returned to positive growth, potentially warning that last month’s immigration announcement has shifted buyer outlook. Canadian New […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Rental List Prices Make First Drop Since COVID, BC & ON Cities Lead Lower Canadian rental prices just made their first annual drop in years. The average monthly asking price for a rental fell to $2,151 in October, down 1.2% from […]
Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Flippers Are Still Near Record Levels The death of the Canadian real estate flippers has been greatly exaggerated. Bank of Canada (BoC) data shows 2.5% of homes sold in Q2 2024 were purchased within the past 12 months—only seeing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Killing Work-From-Home & It’s Bad News For Small City Real Estate Canadians embraced work-from-home almost immediately in 2020, especially in government. It was branded the “new normal,” which workers took as a cue to move into distant suburbs, breathing new […]
Greater Vancouver real estate’s luck might be running out. Greater Vancouver Realtors (GVR) data shows the price of a composite home slipped in August. The market has managed to avoid the significant correction seen in other major markets, but things are suddenly heading in the wrong direction. Fewer sales and rising inventory is helping to […]
Canada’s remote workforce has been breathing new life into small cities, but that may come crashing down soon. The Government of Canada (GoC) has ordered its remote workforce back to the office starting next week. The reasons cited haven’t been particularly strong, but the impact on big cities has been. Downtowns have been hollowed out […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Inventory Grew More Than 2x The Rate of Sales Canadian home sellers expected rate cuts to stimulate the market, but apparently no one told buyers. July saw annual growth of new listings grow at double the rate of sales. […]
Canadian real estate prices have yet to budge, but there’s a lot more inventory hitting the market. Canadian Real Estate Association (CREA) data shows new listings surged in July 2024. An army of sellers hit the market last month, sending new listings to grow at more than double the rate of sales. Some of the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Markets See Supply Soar As Investors Exit: RBC Canadian real estate markets have seen supply soar as investors head for the exit. That was the take from RBC, who warned investors that low rates didn’t stimulate buyers so much […]
