Canadian real estate markets are seeing a shift from peak activity earlier this year. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in May. This is the fourth consecutive month the ratio has fallen since reaching a peak in January. While the SNLR is still high, buyers are […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Property Bubble Reaches Contagion, Making A Financial Crisis Likely The Canadian property bubble reached the contagion phase, spreading to other areas. Real estate bubbles often spread from the city center to the suburbs. Investors move to regions with cheaper prices, […]
Prices just outside of frothy Canadian real estate markets are growing much faster than in the city. That’s typical of a bubble, and it’s called “housing bubble contagion.” In a paper titled Housing Bubble Contagion From City Centre To Suburbs, three Taiwan-based researchers argue bubbles spread outwards. Bubbles force investors and developers to look for […]
Ontario is out, and the coasts are in according to the latest population growth data. Statistics Canada (Stat Can) quarterly population estimates were released for Q1 2021. Interprovincial migration data shows Ontario lost more Canadians than it could attract. Affordable provinces such as Quebec and Nova Scotia were able to show a net gain. BC […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Property Bubble Inflation Is Now 75% Of Net-Worth Growth Canadian households are unusually dependent on real estate generating their wealth these days. The first quarter of 2021 saw 76.96% of net-worth from increased real estate values. This is the […]
The economy made some improvements but is still overly debt-dependent. That’s what the latest household debt to GDP data from Statistics Canada (Stat Can) shows for Q1 2021. The ratio is significantly higher than a year ago, but that aside — it was high before the pandemic. Canadian households make Americans before the Great Recession […]
Another Canadian real estate developer is asking buyers to cover soaring material costs. Delpark Homes, a Greater Toronto real estate developer, is the latest to ask buyers for a top-up. Recently soaring material costs, such as lumber, have crushed homebuilding margins. Since new homes are often bought years ago, an unexpected rise in costs can […]
One of Canada’s largest financial institutions sees the market cooling. Desjardins senior economist Benoit Durocher expects real estate to stabilize soon. This won’t be due to government action or new policy measures though. He sees the cooling as a result of a lack of affordability, and the economy reopening. Stabilization is most likely, but cooling […]
The most important book on Canadian real estate you’ll read this year isn’t about demographics or interest rates. It’s investigative journalist Sam Cooper’s new book, Wilful Blindness: How A Network of Narcos, Tycoons and CCP Agents Infiltrated The West. The controversial best-seller outlines how business tycoons and China set out for a power grab 40 […]
Canada’s largest bank sees much higher home price growth in the near future. RBC shared the update to their national home price forecast for 2021. The bank now expects prices to grow almost twice as much as they previously thought. In their previous forecasts, they had expected significantly more government action. With no new policy […]
