Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Bank Of Canada Is Unlikely To Hike Rates Until March, Despite Soaring Yields: BMO Canadian bond yields are soaring as inflation drives the cost of borrowing higher. Still, the BoC is unlikely to raise rates according to BMO, one of the […]
Canada’s most expensive province is finally giving hard-hit millionaire homeowners some help. The Government of British Columbia (GBC) raised the threshold for its Home Owner Grant. A primary residence worth up to nearly $2 million is eligible for the property tax rebate. Programs like this are usually for low-income households, not millionaire homeowners. The subsidy […]
Just when you think Canadian real estate can’t get any more exuberant, the central bank straps a rocket to it. That was the take from BMO, whose Friday research note is a quick look at Toronto real estate prices. The city, much like the rest of Canada, is seeing some of the highest home price […]
Greater Vancouver real estate prices are soaring as inventory hits the lowest level in decades. And why wouldn’t it? Selling would have been walking away from tens of thousands of dollars, shows Real Estate Board of Greater Vancouver (REBGV) data. In December, home prices accelerated to a new record, with the highest growth rate in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble Has Buyers Paying 2x The Mortgage Of Existing Owners Canadian homebuyers are paying double the payments of existing homeowners. In 2021, the average homeowner’s mortgage payment climbed to $1,382 per month in the third quarter. The average homebuyer […]
Canadian subprime real estate buyers are scrambling to join the housing gold rush. Earlier this week, we discussed the sharp climb in subprime mortgage borrowers in Q3 2021. Today we’ll break the Equifax data down by city and show the highest concentrations. All but three major cities in Canada saw their share of poor quality […]
The Canadian real estate boom has produced a gold rush, and now everyone is trying to sell you a home. It’s a country-wide phenomenon, as people see a low barrier of entry and large commissions. However, nowhere has taken to the trend like Toronto, which now has more Realtors than teachers. A lot more. Not […]
Canadian homeowners often say affordability isn’t that bad, new buyers just need to stretch further. That’s because they’re most likely unaware they’re paying half of what it takes to buy a home now. Equifax data shows an average homeowner pays half as much on a mortgage compared to buyers in Q3 2021. This trend has […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Gap Between Real Estate Prices And Incomes Looks Ridiculous Beside US Data Canadian real estate price growth has far outpaced incomes, but it’s getting comically large. Canadian home prices have advanced 64% faster than disposable income from 2005 to Q2 […]
Canadian real estate prices show no sign of slowing down, even going into the winter. According to the Canadian Real Estate Association (CREA), prices jumped by tens of thousands in November. Not in one or two extraordinary markets either, but right across the country. Home prices have increased well over six figures since last year. […]
