Time for you cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Condo Buyers Warned By CMHC Still Getting Slaughtered The CMHC was totally wrong about the market. Or were they? It turns out a typical first-time condo buyer in Toronto and Vancouver have taken a big hit. Those […]
Canadian real estate markets may be on fire, but don’t let that fool you into thinking everyone’s made money. Canada Mortgage and Housing Corporation (CMHC) warned first-time homebuyers in April to be careful about jumping in. Despite a lot of real estate agents mocking the organization, the agency was mostly right. Typical condo buyers in […]
Greater Vancouver real estate is seeing big price growth, but it hasn’t made up for lost ground yet. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally increased in December. Some segments even printed very large year over year gains. However, the board’s data also shows prices are still around where they were […]
Canadian real estate will have strong demand, but growth is projected to shift soon. Canada Mortgage and Housing Corporation (CMHC) published household projections earlier today. The projection is based on Statistic Canada (Stat Can) population projections made in 2019. Even by the slowest measure, a rise in household formation is expected. However, traditionally high growth […]
Canadian mortgage delinquencies are falling, except for people really behind. Canada Mortgage and Housing Corporation (CMHC) data shows the change of mortgages past due in Q3 2020. Most segments of days past due (DPD) show a sharp decline in the most recent reported quarter. This was largely expected due to payment deferral programs. One segment […]
One of Canada’s largest real estate brokerages is bullish on real estate this year, just not condos. Royal LePage released its annual price forecast showing slower, but still big, price growth in 2021. There was one notable exception – condo apartments. They expect prices to rise, but they also expect them to lag the market. […]
Canada’s markets have been flooded with cheap money, causing a buying frenzy across the country. Canadian Real Estate Association (CREA) data shows record real estate sales in November. Unlike previous boom-time periods, the rise in home sales wasn’t confined to a few hot markets. All but two major cities across the country are seeing double […]
One of Canada’s largest real estate brokerages sees big price growth, just not in the country’s biggest city. Royal LePage released its forecast for Canadian real estate prices in 2021. They note the pandemic has accelerated a relocation pattern that started before the pandemic. Consequently, while price growth is optimistic, cities like Toronto are barely […]
Canada’s mortgage delinquencies are flat, but that story is much more interesting by region. Canada Mortgage and Housing Corporation (CMHC) data shows mortgage delinquencies are flat in Q3 2020. It’s a little different looking at the biggest real estate markets though. In Toronto and Vancouver, delinquencies are still rising to multi-year highs. Montreal is performing […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Industry Forecasts Prices Rising Over 9% Next Year Canada’s real estate industry is forecasting lofty price gains next year. The Canadian Real Estate Association (CREA) is forecasting an average national sale price of $620,404 in 2021, up 9.1% […]
