This Week’s Top Stories: Canada’s Real Estate Bubble Is Popping After Unsustainable Growth

Time for your cheat sheet on this week’s top stories.

Canadian Real Estate

Canadian Real Estate Prices Have Officially Crashed In 18 Markets

Canadian real estate is spiraling lower as 18 markets enter a technical “crash.” Sharp corrections were in Oakville-Milton (-$398,700), Mississauga (-$286,000), and Cambridge (-$249,600).

No need to panic—even with this pullback, prices are still up over the past two years. More markets are expected to join the 18 technical crashes in the coming months.

Continue Reading…

Canadian Housing Affordability Hits Unsustainable Level: BoC Index

The Bank of Canada’s Housing Affordability Index shows unsustainable pricing. An average homebuyer needs 48.8% of disposable income to buy a home in Q3 2022. This was an increase of 11.1 points from last year, and is the highest share since the early 80s and 90s. Both previous stints didn’t last long, and came to an end with a sharp price decline.

Continue Reading…

Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock

Canada’s love affair with variable rate mortgage credit has faded as quickly as it came. Only 29.7% of uninsured mortgage debt in October had variable interest, compared to 60.1% at the peak in January 2022. Borrowers want the predictability of fixed rates after payment shock horror stories.

Continue Reading…

Canadian Real Estate Prices To See Double-Digit Drop, Delinquencies Climb: Fitch Ratings

Credit giant Fitch Ratings is warning investors about Canadian real estate next year. The firm has forecast prices will fall sharply, and mortgage delinquencies will climb. Rising rates are compounding frothy growth over the past 30 years. The firm warns a deeper recession would mean even bigger price declines.

Continue Reading…



We encourage you to have a civil discussion. Note that reads "civil," which means don't act like jerks to each other. Still unclear? No name-calling, racism, or hate speech. Seriously, you're adults – act like it.

Any comments that violates these simple rules, will be removed promptly – along with your full comment history. Oh yeah, you'll also lose further commenting privileges. So if your comments disappear, it's not because the illuminati is screening you because they hate the truth, it's because you violated our simple rules.

  • Reply
    Mark Bayly 5 days ago

    People in Canada have adopted Trudeau’s attitude Debt doesn’t matter. Only problem is unlike Trudeau people don’t have money printing machines

  • Reply
    Eric Kemp 5 days ago

    The Bank of Canada has a fiduciary duty to support house prices. Rates NEED to be dropped to 0% to help prices.

  • Reply
    Vee 4 days ago accesses articles like these initially from Residential Realty Today email newsletter. This is a valuable resources (this is not a commercial but recognition of a useful resource). Having some insight into Canada’s market helps us better represent clients in the US. Similarities and differences become points of comparative analysis and discussion.

Leave a Reply

Your email address will not be published. Required fields are marked *