The Canadian real estate market will change really fast over the next few months. Home prices in the key markets of Toronto and Vancouver saw price growth climb in June. Looking at the most recent data annualized though, a slowdown is just around the corner. Without a sudden boom in prices, the annual trend is […]
Canadian real estate prices just printed record growth across the country. Apparently it wasn’t enough, as households have increased their expectations for future growth. Bank of Canada (BoC) surveyed consumers on where they see home prices over the next 12 months. Conducted in Q2 2021, the survey found the highest forecast rate of growth in […]
Canadian real estate always marches to the beat of its own drum, which may not be a good thing soon. BMO senior economist Robert Kavcic shared his take on last month’s home sale numbers. He observed a strong market, but said it continues to show we’re past peak momentum. He warns of a potential “bizzaro” […]
Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears Greater Vancouver real estate prices have been on a tear, but that may be coming to an end. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally climbed in June. Broken down by region though, the trend isn’t quite as positive. In […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank Of Canada Is Quietly Updating Forecast Models To Include Debt And Real Estate The Bank of Canada is updating its primary forecasting model to include real estate and debt. The Terms-of-Trade Economic Model (ToTEM) will move to its third iteration soon. […]
Soaring home prices may be a pain for some generations, but not for Boomers. Royal LePage released the results of its 2021 Boomer Survey. The survey found the majority are homeowners, with many having most of their net worth in real estate. Soaring home prices aren’t a pain point, but a windfall. It’s no wonder […]
Canada’s real estate boom is starting to slow down, with fewer new projects taking the first step. Statistics Canada (Stat Can) data shows the dollar value of building permits fell in May. After coming off of record highs, a decline should have been expected for the most part. The size of the fall was definitely […]
Canadian home prices are so giant, just the down payment is now prohibitively large. Data from mortgage tech firm LowestRates.ca shows the average down payment by province. Building on their proprietary data, they estimate the amount used as a down payment to buy. The firm found BC has the largest average of any province, coming […]
Canadian home prices are booming in secondary markets — maybe a little too much. Canadian Real Estate Association (CREA) data shows secondary cities outperformed majors in May. This has led to a much smaller price gap between secondary and primary real estate markets. We crunched the numbers for Toronto and Vancouver, finding the gap is […]
Canadian home sales are sliding lower across the country, and new homes aren’t immune to the dive. The absorption of newly-built and priced homes slipped in April, according to the CMHC. The good news is the most popular purchase price range for new homes is lower than you think it is. The bad news is, […]
