This Week’s Top Stories: Canadian Real Estate Softens & Gov Invests In...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Slip Further As Sellers Suddenly Surge Canadian real estate markets continue to soften, with few...
View ArticleCanadian Housing Resembles A Return To Victorian-Era Inheritance Culture:...
Want to own a home in Canada? Have you tried wealthier parents? Statistics Canada (Stat Can) released a new study exploring the role of parental wealth in obtaining homeownership. They examined tax...
View ArticleOntario Leads Canada’s Real Estate Cooldown As Sales Fall To Crisis Levels: RBC
Canadian real estate markets are softening as higher rates begin to weigh on virtually all markets. RBC warns October data reveals falling existing home sales and rising inventory. The combination has...
View ArticleCanada Expects Unemployment To Rise 211k Within Months, Mostly Immigrants
Canada’s government is bracing for winter, and not the kind that brings fluffy white stuff. This week the Government of Canada (GoC) released its 2023 Fall Economic Statement. Buried amongst notes on...
View ArticleCanadian Interest Rates 2 Points Higher Due To Gov Spending: Scotiabank
Canadian policymakers have been spending like drunken sailors, and it’s going to cost households. Not just in the form of taxes and service reductions, but on their mortgage too. A new analysis from...
View ArticleCanadian Rents Outpace Income For The First Time In 60 Years: BMO
Canadian real estate prices are still seeing record growth, just not when it comes to sales. A new research note from BMO shows annual growth of rental prices grew at a record pace in October. They...
View ArticleThis Week’s Top Stories: Canadian Real Estate At Crisis Levels & Returning To...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Resembles A Return To Victorian-Era Inheritance Culture: Stat Can Canada is quickly reverting back to a...
View ArticleCanadian Homeownership Rate Is Falling Sharply For Young Adults
Young Canadians may need to come to terms with the fact policymakers are driving ownership further out of reach every year. Numbers crunched by the Canadian Housing Statistics Program (CHSP) at...
View ArticleCanadian Real Estate Prices To Fall Over The Next Year: Scotiabank
Canadian real estate has been in growth purgatory for nearly a year, and we should expect another. That’s the takeaway from Scotiabank’s macroeconomic scenarios in their Q4 2023 earnings report. The...
View ArticleCanadian Investors Look Abroad, Downside Risk To GDP: BMO
Canada’s latest trade data was an emotional rollercoaster, showing improvements rather than wiping them out. Statistics Canada (Stat Can) published data for the Q3 2023 current account, which shows the...
View ArticleCanadian Unemployment Rises, Immigrants Sold On Non-Existent Opportunities
Canada’s labor market is stronger than expected, but most weren’t expecting much. Today’s Statistics Canada (Stat Can) Labor Force Survey (LFS) update shows the economy added more jobs than expected in...
View ArticleThis Week’s Top Stories: Canadians Sour On Immigration & Ownership Falls For...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Rises, Immigrants Sold On Non-Existent Opportunities The latest data for Canadian employment was better...
View ArticleToronto Real Estate Prices Drop As Market Loosens At A Breakneck Speed
Greater Toronto real estate is unlikely to have a Christmas rally like some had hoped. Toronto Regional Real Estate Board (TRREB) data shows home prices fell further in November. Home sales continue to...
View ArticleCanadian Real Estate Arson May Rise As Economy Slows, Warns Insurer
The only bond stronger than a mother and its baby is the one between rising interest rates and the arson of new homes under construction. Commercial insurer Northbridge Insurance is warning home...
View ArticleTwo of Canada’s Largest Banks Hit With Anti-Money Laundering Fines
Canada’s financial crime watchdog appears to have just woken up. This week, FINTRAC announced they fined two of the country’s biggest banks for anti-money laundering (AML) non-compliance. Sampling just...
View ArticleCanada To Limit International Students To Those With Deeper Pockets
Canadian policymakers are trying to get ahead of data that shows its fading appeal to international students. Today the Government of Canada (GoC) announced new measures to restrict the number of...
View ArticleThis Week’s Top Stories: Bank of Canada’s Real Estate Spin & Speculators Turn...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO Last week, the Bank of Canada (BoC) claimed the...
View ArticleCanadian Mortgage Rates Peaked, Won’t Go Back To 2019 Levels: BMO
North American interest rate hikes are now largely out of the picture, and rate cuts are the new story. That was the take from BMO after the Bank of Canada (BoC) announced a hold on the 6th, with the...
View ArticleCanadian “Systemic Risk” Due To CLP Mortgages Is Bigger Than You Think
Canada’s problems with a little-known risky mortgage product are more significant than expected. OSFI, the country’s bank regulator, has targeted combined loan plans (CLPs) for the past few years. CLPs...
View ArticleCanadian Housing Affordability 2nd Worst In History, Recession To Follow: BMO
Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI)...
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