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!

Toronto New Home Sales Drop, As People Fleeing Turn Durham Into A Bigger Market

<![CDATA[<p>Greater Toronto new home sales have picked up, from usually low levels in prior years. Altus Group and BILD GTA data shows new homes sales climbed in January. One unexpected blip in the data is the City of Toronto, which actually saw a sharp decline in sales. It appears flight from the City isn’t just […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/city/toronto/toronto-new-home-sales-drop-as-people-fleeing-turn-durham-into-a-bigger-market/">Toronto New Home Sales Drop, As People Fleeing Turn Durham Into A Bigger Market</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

Canadian Bond Yields Soar, And It May Be A Drag On The Spring Real Estate Market

<![CDATA[<p>Canada’s government bond market is seeing yields surge, and it’s going to be felt in real estate. The Government of Canada‘s (GoC) 5-Year benchmark bond yield jumped yesterday. We know, we already covered rising yields just a few days ago. I promise this is kind of a big deal, and I’m not just harping on […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-bond-yields-soar-and-it-may-be-a-drag-on-the-spring-real-estate-market/">Canadian Bond Yields Soar, And It May Be A Drag On The Spring Real Estate Market</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

RBC Adds Two “Severe” Risk Scenarios, Including Canadian Real Estate

<![CDATA[<p>Risk models from Canada’s largest bank shows a wider range of uncertainty for real estate. RBC’s latest models, shared with analysts this week, shows a general forecasted improvement. The downside hasn’t changed much, indicating a little more uncertainty. They also shared they are considering two new and “more severe” scenarios for energy and real estate. […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/rbc-adds-two-severe-risk-scenarios-including-canadian-real-estate/">RBC Adds Two “Severe” Risk Scenarios, Including Canadian Real Estate</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

Canadian Retail Rents Are Dropping, But The Cost of Office Space Hits A High

<![CDATA[<p>Canada’s commercial rental market is split, and probably not how most would guess. Statistics Canada (Stat Can) data shows commercial rents are down in Q4 2020. A breakdown shows the decline is largely due to retail rents falling. Despite a broad adoption of work from home, office rents are still chugging to all-time highs. Retail […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-retail-rents-are-dropping-but-the-cost-of-office-space-hits-a-high/">Canadian Retail Rents Are Dropping, But The Cost of Office Space Hits A High</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

New Zealand’s Central Bank Is Adding Housing Affordability To Its Mandate

<![CDATA[<p>New Zealand’s central bank will consider the impact of monetary policy on housing. Not just to preserve home prices either, but to consider affordability. The New Zealand Government‘s latest remit goes live on March 1. After which, the Reserve Bank of New Zealand (RBNZ) needs to explain regularly how it seeks to assist with affordability. […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/new-zealands-central-bank-is-adding-housing-affordability-to-its-mandate/">New Zealand’s Central Bank Is Adding Housing Affordability To Its Mandate</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth”

<![CDATA[<p>Canada’s central bank isn’t really that worried about real estate, it appears. Bank of Canada (BoC) governor Tiff Macklem held a Q&A after a speech for the Edmonton and Calgary Chambers of Commerce yesterday. During the Q&A, the governor dismissed concerns about an overheated housing market. In fact, he welcomed its contribution to the economy […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/boc-governor-says-canada-will-lean-on-real-estate-because-we-need-the-growth/">BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth”</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

Canada Completed 18 Homes Per Person Added To The Population Last Quarter

<![CDATA[<p>Canada’s population growth may have slowed, but new home completions are still moving at a breakneck speed. Canada Mortgage and Housing Corporation (CMHC) data shows developers delivered over 50,000 new homes in Q4 2020. The number of new homes began outpacing population growth in the prior quarter. The ratio went parabolic in the latest numbers […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canada-completed-18-homes-per-person-added-to-the-population-last-quarter/">Canada Completed 18 Homes Per Person Added To The Population Last Quarter</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

Removing Mortgage Interest From Canada’s CPI Makes Inflation 30% Higher

<![CDATA[<p>Canada is searching for inflation, but the whole index gets a massive boost by removing mortgage interest. Statistics Canada (Stat Can) consumer price index (CPI) made a slow increase in January. However, if one were to exclude falling mortgage interest rates, inflation jumps by almost a third.   Canada’s CPI Is 1% Higher Than Last Year […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/removing-mortgage-interest-from-canadas-cpi-makes-inflation-30-higher/">Removing Mortgage Interest From Canada’s CPI Makes Inflation 30% Higher</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

Canadian Mortgage Debt Grows At Fastest Pace Since 2010, Adding Over 6% of GDP

<![CDATA[<p>Canada might be in the middle of a pandemic with a shuttered economy, but it hasn’t slowed mortgage growth. Bank of Canada (BoC) data shows residential mortgage credit hit a new record high in December. The rate at which mortgage debt was the shocking part though. Mortgage debt is now growing at the fastest pace […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-mortgage-debt-grows-at-fastest-pace-since-2010-adding-over-6-of-gdp/">Canadian Mortgage Debt Grows At Fastest Pace Since 2010, Adding Over 6% of GDP</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...

Canadian HELOC Balances Made The Biggest December Drop Since 1992

<![CDATA[<p>Canadians made an unexpected move to deleverage a little of their HELOC debt. Bank of Canada (BoC) data shows HELOC debt fell in December. The decline was unusually strong for the month, at a rate not seen in decades. The drop wasn’t enough to bring the trend negative, however growth is negative in real terms. […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-heloc-balances-made-the-biggest-december-drop-since-1992/">Canadian HELOC Balances Made The Biggest December Drop Since 1992</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

Read more ...