Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate National Bank Of Canada: Don’t Take Real Estate Price Increase As A Sign Of “Vigour” Canadian real estate prices made a small increase, but NBC warns it’s not the sign of “vigour” you may think. National prices increased 0.76% in June, […]
Greater Vancouver’s new home sales are slowing faster than anyone could have expected. Numbers from MLA Canada, a notable real estate advisory firm, show sales dropped in June. Absorption of new projects is now at a level so low, it’s expected to delay the launch of many new projects. Real Estate Developers Launched The Fewest […]
B.C. real estate markets are the fastest cooling in the country right now. Canadian Real Estate Association (CREA) numbers show sales to new listings ratios made a mild decline across the country. Most markets made improvements on a year-over-year basis. However, B.C.’s markets are cooling so fast, it was enough to weight the national market. […]
Canadians must be entering election season, because not even real estate prices will give a straight answer. The Teranet–National Bank of Canada House Price Index (TNB HPI) showed prices increased in June. Economists at the bank warn not to read too much into the increase, however. Without seasonal pressures, the index would have shown a […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Make A Small Gain, Weighed Down By Vancouver Canadian real estate sale made a small climb this year. There were 47,755 sales according to CREA, up 0.30% from last year. The number is higher than the […]
Vancouver real estate is hella expensive, but it’s become ridiculous in recent years. Canadian Centre for Policy Alternatives (CCPA) crunched the numbers to find the wage needed to rent in Greater Vancouver. Breaking down the numbers further, we see how unsustainable the region has become. The average one-bedroom is now unaffordable to over half of […]
Canadian real estate insanity has officially spread to every corner of the country. The Canadian Centre for Policy Alternatives (CCPA) conducted a rental affordability study across Canada. The non-partisan organization found minimum wage employees can’t even afford to rent these days. Minimum wage earners can only afford to rent an average one-bedroom in 3 small […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Ontario Loses Over 5,000 Real Estate Jobs, BC Hits New All-Time High Real estate sector jobs made a minor movement on a national scale, but there’s a major shift on a regional basis. FIRE seasonally adjusted employment fell to 1.193 […]
Canadian real estate owners are turning to non-bank lenders across the country. Statistics Canada (Stat Can) released the first results of its Survey of Non-Bank Mortgage Lenders. Unfortunately, since it’s the first survey, historical comparisons can’t be made. Though it does shine a light on a relatively opaque industry. The most interesting insight revealed is […]
Canadian household debt issues are surfacing in some of the country’s largest cities. Office of the Superintendent of Bankruptcy (OSB) filings show an uptick in a few urban markets in Q1 2019. The uptick was most notable in Toronto, Vancouver, and Calgary. In the opposite direction was Montreal, which is seeing insolvency filings drop to […]
