Real Estate News - Canada
On this page you will find snippets of interesting articles on the Canadian Real Estate market. This includes housing sales, unemployment and interest rate trends, and policy measure by the Bank of Canada and government. Enjoy!
This Week’s Top Stories: Canadian Real Estate’s Mega Cycle, GDP’s Superficial Gains
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Nears End of 60-Year Cycle—Transit Use Is The Risk Sign The decline of public transit use in Canada is a bigger sign than many realize. Since 2020, revenues have returned to normal but ridership hasn’t recovered—even with the addition […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estates-mega-cycle-gdps-superficial-gains/">This Week’s Top Stories: Canadian Real Estate’s Mega Cycle, GDP’s Superficial Gains</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian GDP Surged Entirely Due To Superficial Accounting Mechanics
<![CDATA[<p>The Canadian economy expanded faster than analyst forecasts, but it isn’t what it seems. Statistics Canada (StatCan) data shows Gross Domestic Product (GDP) saw unusually large growth in Q3. It sounds like good news, but diving into the data revealed the surge was entirely due to superficial accounting mechanics. Compounding the problem further—the agency warns […]</p> <p>The post <a href="https://betterdwelling.com/canadian-gdp-surged-entirely-due-to-superficial-accounting-mechanics/">Canadian GDP Surged Entirely Due To Superficial Accounting Mechanics</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadians Would Pay 75% More Interest With 40-Year Mortgages: PBO
<![CDATA[<p>Canadian Parliament is floating longer mortgages as a housing fix—but does it actually improve affordability? An update from the Parliamentary Budget Officer (PBO) finds that stretching amortizations from 25 to 40 years lowers monthly payments, but borrowers end up paying 75% more in interest. The non-partisan agency also warns the analysis doesn’t account for broader […]</p> <p>The post <a href="https://betterdwelling.com/canadians-would-pay-75-more-interest-with-40-year-mortgages-pbo/">Canadians Would Pay 75% More Interest With 40-Year Mortgages: PBO</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian House Costs Outpace Land, Only 2nd Time In Recorded History
<![CDATA[<p>Canadian new home prices have largely resisted a correction, but they may be ready to give in. Statistics Canada’s (StatCan) New Housing Price Index (NHPI) shows an unusually sharp drop in October—the largest since 2009. But the bigger story is buried in the data: a rare shift in the relationship between land and house prices […]</p> <p>The post <a href="https://betterdwelling.com/canadian-house-costs-outpace-land-only-2nd-time-in-recorded-history/">Canadian House Costs Outpace Land, Only 2nd Time In Recorded History</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Real Estate Nears End of 60-Year Cycle—Transit Use Is The Risk Sign
<![CDATA[<p>Transit access has long been one of the biggest drivers of Canadian real estate value, but does that always make sense? Statistics Canada (StatCan) data shows public transit revenues have recovered to 2019 levels, but ridership hasn’t. Most experts dismiss this as a temporary dip that will resolve in the near future. However, what they’re […]</p> <p>The post <a href="https://betterdwelling.com/canadian-real-estate-nears-end-of-60-year-cycle-transit-use-is-the-risk-sign/">Canadian Real Estate Nears End of 60-Year Cycle—Transit Use Is The Risk Sign</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Toronto New Home Sales Hit A Record Low For A 13th Month
<![CDATA[<p>Greater Toronto’s new home market took another hit as weak demand met falling-but-still-lofty prices. BILD GTA and Altus Group data show prices slipped in October—but not enough to draw buyers off the sidelines. Sales fell to a record low for the month, while inventory hovered near multi-year highs. The gap between what’s for sale and […]</p> <p>The post <a href="https://betterdwelling.com/toronto-new-home-sales-hit-a-record-low-for-a-13th-month/">Toronto New Home Sales Hit A Record Low For A 13th Month</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Banks See Record Mortgage Contraction As Arrears Rise
<![CDATA[<p>The Great Canadian Real Estate Downturn isn’t easing—in fact, it’s accelerating beneath the surface. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed again in August, hitting the highest in nearly four years. However, the more important issue is flying under the radar: an unprecedented contraction in total mortgage volumes at banks. A […]</p> <p>The post <a href="https://betterdwelling.com/canadian-banks-see-record-mortgage-contraction-as-arrears-rise/">Canadian Banks See Record Mortgage Contraction As Arrears Rise</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: Canadian Real Estate Prices Hit 4-Year Low, and HELOC Debt Surges
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Fall To 4-Year Low As Inventory Sets Record Canadian real estate prices continue to cool after the pandemic-era boom. A typical home fell to $679,900 in October, a 20.2% (-$171,700) drop from the March 2022 peak. The drop […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-prices-hit-4-year-low-and-heloc-debt-surges/">This Week’s Top Stories: Canadian Real Estate Prices Hit 4-Year Low, and HELOC Debt Surges</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canada’s Retail Sales Fell, But It Was Mostly One Category
<![CDATA[<p>Canadian retail sales are weaker but not as weak as anticipated. Statistics Canada (StatCan) retail sales fell in September, with the drop attributed to a single (but large) category. While retail sales are holding up stronger than the headline data suggests, the longer-term issue of stagnation remains. Canadian Retail Sales Flat Excluding Gas and Vehicles […]</p> <p>The post <a href="https://betterdwelling.com/canadas-retail-sales-fell-but-it-was-mostly-one-category/">Canada’s Retail Sales Fell, But It Was Mostly One Category</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadians Tap HELOC Debt At The Fastest Rate Since 2012
<![CDATA[<p>Canadian consumer borrowing is suddenly accelerating, and home equity borrowing was no exception. Bank of Canada (BoC) data shows Home Equity Lines of Credit (HELOC) borrowing just saw the biggest September growth since 2009. The increase is part of a broader trend that’s pushed annual growth to the highest rate in nearly 13 years. What […]</p> <p>The post <a href="https://betterdwelling.com/canadians-tap-heloc-debt-at-the-fastest-rate-since-2012/">Canadians Tap HELOC Debt At The Fastest Rate Since 2012</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
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