Canadian policymakers are helicoptering money to stimulate building, but it doesn’t appear to be working. Statistics Canada (Stat Can) data shows the total value of building permits fell sharply in April, dropping to the lowest monthly volume in nearly a year. The annual decline was so large it was amongst the largest since 2020. Canadian […]
Canadian real estate markets aren’t a buying opportunity—yet, according to BMO. In a research note to investors, the bank warned major cities are reporting home sales cooled further in May. These markets are also seeing inventory accumulate, leading to a demand balance that typically sees prices fall. Sellers resisting price cuts in hopes rate cut […]
Weak demand for Canadian real estate continues to push prices lower. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark (typical) home made a sharp downtick in April. The medium-term trend also reveals this is a more complicated issue than just trade war jitters. Over the past few years, buyers have […]
Canadian real estate markets are further buckling under trade war anxieties, with RBC Economics telling investors that there’s no near-term recovery. National data has yet to arrive, but they observed plummeting sales and rising inventory in all of Canada’s major markets in April. RBC warns market cracks are emerging, and there’s no meaningful rebound on […]
Greater Vancouver real estate only has a handful of buyers, but they’re bidding up prices for some reason. Greater Vancouver Realtors (GVR), formerly REBGV, shows home prices made a substantial jump in March. The increase occurred despite it being one of the weakest months for demand in decades, and the most well-supplied market in recent […]
Canada’s next leader hasn’t officially assumed the role, but he’s already looking to stimulate real estate. Last week, Vancouver’s “Condo King” Bob Rennie revealed that he is working with newly-minted LPC leader Mark Carney. The two are considering a plan that would see the country’s state-owned mortgage insurer use taxpayer resources to attract foreign investment […]
Canadian real estate markets kicked the year off with exceptionally weak demand. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) slipped in January. Despite a host of measures to stimulate buying, the demand measures continued to erode as sellers significantly outpaced buyers. The issue has the county’s largest markets […]
Vancouver real estate sales picked up last month, but lofty inventory is easing market pressures. Greater Vancouver Realtors (GVR), formerly REBGV, data shows the price of a composite benchmark (typical) home fell slightly in December. The minor decline emphasized uncertainty about where prices should head, remaining mostly unchanged from last year. Despite sales seeing enormous […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Markets Overheat (Again), Government Cities Tighten Most Canadian real estate markets are starting to heat up (again), but mostly just in government towns. A look at the sales to new listings ratio (SNLR) for major markets across the country […]
Back in October, government workers were ordered back into the office to bolster real estate demand. A month after most workers were ordered back, real estate markets have re-entered overheated territory. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in November. This time the rally is driven by […]
