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!
<![CDATA[<p>Canada plans to limit permanent resident visas next year, but they’re already plunging lower without restrictions. Immigration, Refugees and Citizenship Canada (IRCC) data shows permanent resident applications made a sharp drop in July. Even if the current trend stops eroding and stabilizes, the country would struggle to hit next year’s planned limits without any policy […]</p> <p>The post <a href="https://betterdwelling.com/canadian-permanent-resident-applications-fall-57-weakest-month-in-years/">Canadian Permanent Resident Applications Fall 57%, Weakest Month In Years</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Correct After Immigration Cuts: BMO Canada’s oldest bank sees good news for affordability—actual affordability. In a research note to investors, BMO reiterates their belief that Canada has a housing demand problem, not a supply problem. Therefore the […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-prices-to-correct-immigration-slashed/">This Week’s Top Stories: Canadian Real Estate Prices To Correct & Immigration Slashed</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canada delivered its biggest affordability measure in years—shrinking its population. That was the takeaway from a new report from BMO Capital Markets this week. The bank has repeatedly warned that promises to triple the new homes built and create affordability with supply, weren’t grounded in reality. Now that Canada is quietly acknowledging this failure, they […]</p> <p>The post <a href="https://betterdwelling.com/canadian-real-estate-prices-to-correct-after-immigration-cuts-bmo/">Canadian Real Estate Prices To Correct After Immigration Cuts: BMO</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canada’s government just went from labeling critics of its immigration policy as xenophobic to admitting their plan was unsustainable. This morning the Government of Canada (GoC) announced it won’t just throttle immigration, but the country will embrace intentional degrowth. The decision comes after a sharp decline in immigration applications, implying the sudden shift is more […]</p> <p>The post <a href="https://betterdwelling.com/canada-plans-to-shrink-its-population-after-immigration-demand-plummets/">Canada Plans To Shrink Its Population… AFTER Immigration Demand Plummets</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canada’s central bank sees the economy getting a big boost from falling rates. The latest Bank of Canada (BoC) forecast shows real gross domestic product (GDP) rising sharply next year. Falling rates are expected to drive a big jump in housing investment, boosting real GDP. Not surprising, most of the real estate industry also expects […]</p> <p>The post <a href="https://betterdwelling.com/bank-of-canada-forecasts-a-real-estate-frenzy-will-drive-gdp/">Bank of Canada Forecasts A Real Estate Frenzy Will Drive GDP</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadian households are celebrating cheaper credit after rates were further slashed. This morning the Bank of Canada (BoC) made its October rate announcement, slashing the overnight rate by 0.5 points in a single move. The “supersized” cut was widely expected by the market, but reinforces a troubling picture the central bank’s accompanying report confirmed. Canada’s […]</p> <p>The post <a href="https://betterdwelling.com/bank-of-canada-makes-supersized-cut-panics-over-slow-economy-population/">Bank of Canada Makes Supersized Cut, Panics Over Slow Economy & Population</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>The Greater Canadian mortgage renewal cliff was largely overblown, according to the country’s largest bank. In its latest research note, RBC states that aggressive easing means that not all households will renew at higher rates, and the impact will be smaller than anticipated. They warn that doesn’t mean we’re in the clear, as a much […]</p> <p>The post <a href="https://betterdwelling.com/canadas-rising-unemployment-now-a-greater-risk-than-mortgage-renewals-rbc/">Canada’s Rising Unemployment Now A Greater Risk Than Mortgage Renewals: RBC</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadians are more excited at the thought of cheap credit than actually getting it. Statistics Canada (Stat Can) data shows household credit grew in August—though at a slower rate than the month before. The mild acceleration in borrowing ahead of rate cuts reversed once the actual cuts were made. It potentially serves as a red […]</p> <p>The post <a href="https://betterdwelling.com/canadian-household-debt-growth-is-slowing-despite-falling-rates/">Canadian Household Debt Growth Is Slowing Despite Falling Rates</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada Toronto and Vancouver are traditionally Canada’s hottest real estate markets, leading the trend. If that still holds true, it might be a problem in the coming months. Experts believed the […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-demand-weakens-in-key-markets-supersized-rate-cuts/">This Week’s Top Stories: Canadian Real Estate Demand Weakens In Key Markets & Supersized Rate Cuts</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadian real estate seems boring these days, but dramatic demand shifts are occurring. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in September. At the national level, the drop was only slight but the composition shift was very unexpected. Booming cities like Calgary are now seeing the demand […]</p> <p>The post <a href="https://betterdwelling.com/toronto-vancouver-are-now-the-weakest-real-estate-markets-in-canada/">Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
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