Canadian Real Estate Affordability Hits Worst Level Since The 90s: Bank of Canada
The Bank of Canada Housing Affordability Index shows it hasn’t been this hard to buy a home since the early 90s real estate bubble.
This Week’s Top Stories: Canada’s Deepest Real Estate Correct In A Half Century, & Small Towns Are Booming
This week’s top stories include RBC calling the deepest correction for Canadian real estate in a half-century, and small towns are booming.
Canadian Real Estate Correction Is Becoming The Deepest In Half A Century: RBC
Canada’s largest bank might be its largest real estate bear after last month’s sales. This week RBC explained to investors that a Canadian real estate correction is here. Following downward revisions to the bank’s forecast, key markets reported further erosion. They see the correction spreading wider, and may be the deepest in half a century. […]
More Canadians See Real Estate Prices Falling As Market Psychology Shifts: BMO
Canadian real estate markets are fully in a downturn and things are going to get worse before they get better. This week, Canada’s two major real estate markets reported falling home prices and sales for July. It comes as more households expect home prices to fall than rise, which hasn’t been the case in a […]
Greater Vancouver Real Estate Prices Just Made The Second Biggest Monthly Drop Ever
Greater Vancouver real estate continued its rut, like most of the country’s markets. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a typical home fell in July. It was the third consecutive drop, coming in just a hair below the record. Despite the recent downturn, prices are still much higher than […]
This Week’s Top Stories: Canadian Real Estate Outlook Worsens & Investors Own Most New Condos
Canadian real estate is much worse than thought according to a Big Six bank, and investors bought most new condos.
Many of Canada’s Peak Real Estate Buyers Might Already Be Underwater
Many Canadian real estate buyers at the March 2022 that left a minimum down payment might be holding property worth less than they borrowed.
Canada’s Rising Mortgage Rates Is Bad News For Borrowers, But Not The Economy: NBF
Higher Canadian mortgage rates will reduce disposable income, but the reduction is much smaller than the current rate of inflation.
Canadian Real Estate Is Worse Than Official Data Shows, BMO Revises Forecast Lower
BMO made a downward revision to its Canadian real estate forecast as the bank notes a surge in cancelled listings and failed closings.
Canadian Cities Have Seen Investors Buy Up To 100% of Newly Constructed Condos
Most condo apartments built since 2016 have non-occupying ownership across Canadian real estate markets, according to 2020 property records.
