Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The US Federal Reserve Has Canadian Real Estate Back In Bubble Territory Canadian real estate buyers are acting exuberant when it comes to prices once again. Dallas Fed, a branch of the US Federal Reserve, is noting elevated exuberance levels in […]
Greater Vancouver detached real estate buyers are jumping back into the market. Real Estate Board of Greater Vancouver (REBGV) data shows a big increase in sales for December. The increase in sales was accompanied by fewer homes for sale – but prices are still lower. Vancouver Detached Real Estate Prices Are Still Falling Greater Vancouver […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Credit Slows, As Consumer Credit Growth Plunges Lower Canadian household debt is still rising, but experienced a bit of a hiccup in the latest numbers. The balance of outstanding household debt reached $2.26 trillion in November, up 3.9% from […]
Vancouver’s population growth is still booming, but the rental vacancy rate is climbing. Canada Mortgage and Housing Corporation (CMHC) data shows primary rentals saw vacancies increase in 2019. The rate of vacancy is now at the highest level since 2013, but it has a long way to go to clear that number. Vancouver Rental Vacancies […]
The Canadian real estate industry is seeing growth, just not everywhere last month. Statistics Canada (Stat Can) data shows the finance, insurance, real estate, rental and leasing (FIRE) industry made job gains in December. Canada as a whole squeezed out monthly gains, but two of the biggest markets weren’t so lucky – Ontario and British […]
Canadians invested less in building and improving real estate last year. Statistics Canada (Stat Can) data shows the value of residential building permits dropped in November. The declines are being seen across Canada, but Toronto and Vancouver are seeing larger declines. Canadian Residential Building Permit Value Down Over 1% YTD The value of residential building […]
Canadian real estate buyers are unusually busy at a time of year when no one’s selling. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased across the country in November. The biggest gains were seen in Eastern Canadian real estate markets, while formerly hot markets are starting to ease […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Residential Investment As A Percent Of GDP Is Dropping, But Still Elevated Canadians are still pumping in a massive amount of cash into real estate investment. Residential investment reached $46.04 billion in Q3 2019, up 3.45% from a year before. […]
Canadian new home prices are really split on which direction they should be heading. Statistics Canada‘s New Housing Price Index made a minor decline in November. On a national scale, it seems like the country’s markets aren’t doing a whole lot. The scale is being moderated by big markets like Montreal and Vancouver, heading in […]
Canadians are still real estate fanatics, but the peak was so high, today’s levels seem normal. Statistics Canada (Stat Can) data shows investment in residential structures increased in Q3. When compared as a percentage of GDP however, residential investment is down from the peak. Although it’s still way above usual. Residential Investment Residential investment (a.k.a. […]
