Canada’s Real Estate Correction Is Just Getting Started, W/ Oxford Econ’s Tony Stillo
Tony Stillo of Oxford Economics helps us understand Canada’s real estate market correction and the upcoming recession.
Canadians Are Still Leaving Major Cities In Big Numbers: BMO
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Canadian Building Intentions Remain Elevated, But Inflation Killed Growth
Canadian real estate developers are still pumping significant cash into building permits, but inflation is killing that growth.
This Week’s Top Stories: The World’s Largest Real Estate Bubble Is Crashing, & BoC To Hike Further
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Clear For Another Hike After Employment Boom: BMO Canada’s employment data is still coming in hot, with the economy adding 104k jobs in December. This drove the unemployment rate down to just 5.0%, only 0.1 points above the 50-year […]
Canadian Real Estate Bubble May Crash Until 2025 As Indicator Flashes Warning
Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]
Canadian Real Estate Prices To See Double-Digit Drop, Delinquencies Climb: Fitch Ratings
Canada’s real estate downturn will continue next year, warns a credit rating giant. Fitch Ratings released its 2023 forecast calling even lower home prices next year. After 3-decades of strong price growth without correction, affordability has never been worse. When combined with high rates, weak demand is expected in the near-term as home prices adjust. […]
This Week’s Stop Stories: Canadian Real Estate Problems Pile Up, BMO Warns No Rate Cuts In 2023
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Building Boom Hits Historic High, To “Be Tested”: BMO Canada’s real estate slowdown has developers pumping the breaks on new projects. Don’t worry, says BMO—there’s a record number of homes currently under construction. The seasonally adjusted annual rate (SAAR) […]
Canadian Real Estate Correction Expected To Continue Into 2023: RBC
Canadian real estate showed some encouraging signs last month, but don’t be fooled. RBC Economics wrote to clients breaking down major markets that have reported November sales. Canada’s largest bank warned that the market is still firmly in correction mode, with just a few exceptions. Despite minor signs of firming, they see real estate markets […]
Vancouver Real Estate Prices Have Trimmed $130k From Peak, Negative Annual Growth
Greater Vancouver real estate prices were slow to respond to higher rates, but it’s making up for lost time. Real Estate Board of Greater Vancouver (REBGV) data shows composite home prices made a sharp drop in November 2022. Since peaking earlier this year, the price of a typical home has dropped by more than $130,000, […]
This Week’s Top Stories: Canada’s Real Estate Bubble Is Popping As Global Recession Looms
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Bubble Is Popping As Mortgage Rates Throttle Credit Canadian real estate prices got a boost from low rates, now the opposite is happening. A typical home fell to $735,000 in October, down 15.3% from the peak, wiping out […]
