Vancouver real estate prices have been resilient, but they may have just run out of luck. Data from Greater Vancouver Realtors (GVR), formerly the REBGV, shows prices made a sharp drop in October. A market known for scarce inventory has seen a sudden influx of listings amid weak sales, pushing inventory to one of the […]
Canada saw foreign investment return, but it wasn’t the positive indicator it normally signals. Statistics Canada (StatCan) data shows foreign investors recorded a net inflow of $25.9 billion in August, the most in over a year. Nearly all of it was debt demand, though not the kind policymakers brag about. Investors skipped government bonds, equities, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Resembles US Bubble After Perfect Storm: BMO Canadian real estate’s correction now mirrors the 2007 US housing bubble, according to BMO. Ontario prices have plunged much faster than any historical correction, more closely tracking US housing post-Great Recession. If […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Renters Outperform Homeowners In Most Cities: Even In Toronto Canadian real estate is renowned as a strong investment, but renters could have easily outperformed returns. PWL Capital compared renter savings—invested in an index fund—to the cost of home ownership. Investing the […]
Canada’s population slowdown hasn’t trimmed home prices nearly as much as rumoured. Canadian Real Estate Association (CREA) data shows the national benchmark is down sharply, but only two provinces have seen real corrections as of August. The other eight hit all-time highs within the past year—six of them in the past quarter. Are these markets […]
Canadian condo apartments are sliding after dodging much of the housing correction. Canadian Real Estate Association (CREA) data shows benchmark condo prices fell for a fourth straight month in July, marking the start of a second wave of losses. Canadian Condo Apartment Prices Fall To A 4-Year Low Canadian benchmark condo: The price of a […]
Canadian real estate markets showed a minor sign of improvement—but it may just be noise. Canadian Real Estate Association (CREA) data shows composite home sales improved in July, hitting a 4-year high for the month. Despite rising sales, a wall of inventory helped to push prices down sharply last month. Home prices fell to the […]
Canada’s largest bank is the latest to forecast falling real estate prices next year. Despite sales improving, RBC is forecasting further price declines next year—with the impact amplified in Toronto and Vancouver. The bank warned rising sales won’t be enough to counter rising supply, a lack of affordability and immigration transforming from a tailwind to […]
This land is your land, this land is…wait, did anyone actually check the title? Canadian real estate got more bad news this month—the BC Supreme Court has ruled Cowichan Tribes still hold title to 1,846 acres of prime Richmond land in Greater Vancouver. The longest trial in Canadian history only targeted government-held lands, but may […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate How Canada’s Slowing Population Growth Is Fixing The Job Market Canada was warned that slowing population growth would hurt its economy—but it might be helping. Its rising unemployment rate wasn’t the result of job losses, but the inability for the market to […]
