Greater Vancouver real estate prices barely corrected, but they’re already back to climbing. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a composite benchmark home climbed in March. It was actually a huge jump in price, but at least one of the Big Six banks sees it being just a blip, […]
The recent bank crisis will slow global growth, but no financial crisis is expected—yet. That was the takeaway from Oxford Economics‘ recent analysis on bank liquidity issues. Global liquidity isn’t as tight as it was 14 years ago, so the global research firm doesn’t see a 2008-like event soon. However, banks still potentially face large […]
A Canadian regulator is sounding the alarms on private mortgages, but are they too late? The Financial Services Regulatory Authority of Ontario (FSRA), which oversees mortgage brokers, recently issued a warning on the risks of private mortgages. They have observed a boom in consumers using these high interest loans, often paired with interest only repayment. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Investors Concentrated On Buying Newer, More Affordable Supply Canadian real estate investors are concentrated in newer, more affordable housing supply. For example, investors own under a quarter (24%) of all of Ontario’s housing. But the concentration is skewed to […]
Investors scooped nearly half of the new condo supply in British Columbia (BC). Statistics Canada (Stat Can) data reveals investor ownership of property using 2020 tax data. Isolating construction dates, we can see that investors focused primarily on new construction built in 2016 or later. Big cities, small ones, and even rural markets—saw investors capture […]
Our top stories this week include Canada’s real estate industry lowering their forecast for home prices, & households see lower real wages.
Canada’s largest bank sees a bottom to sales, but thinks there’s more pain for home prices—at least near-term. That’s the take from RBC, that feels home prices are stabilizing but will fall further. Don’t expect a quick recovery either, with affordability challenges weighing down future sales. Canadian Real Estate Sales May Have Found A Floor […]
Tony Stillo of Oxford Economics helps us understand Canada’s real estate market correction and the upcoming recession.
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Canadian real estate developers are still pumping significant cash into building permits, but inflation is killing that growth.
