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 […]
Canada kicked off another multi-year record for housing starts last month. Canada Mortgage and Housing Corporation (CMHC) data shows a large increase for housing starts in June. The rise pushes new housing starts in large urban areas to the highest level in over a decade. Why Housing Starts Are Important New housing starts are a […]
Canada’s real estate sector is making a shift. Statistics Canada (Stat Can) data shows FIRE sector jobs made a small decline in June. The aggregate movement was small, but most of the gains are being made in smaller provinces. Larger provinces like Ontario and Quebec lost thousands of jobs in the sector last month. FIRE […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Debt Had The Slowest May Growth Since 1983 The growth rate of Canadian debt continues to fall to levels not seen in years. Bank of Canada estimates the balance of household debt reached $2.19 trillion in May, up 3.4% […]
