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!
Canadian Real Estate Supply Keeps Prices On A “Downtrend”: RBC
<![CDATA[<p>National data won’t be available until later this month, but early data suggests it won’t be flattering. Looking at major markets, RBC economists saw further demand erosion in January. The bank warns that demand is eroding faster than supply, with few exceptions, resulting in further downward pressure on home prices in the near term. Canadian […]</p> <p>The post <a href="https://betterdwelling.com/canadian-real-estate-supply-keeps-prices-on-a-downtrend-rbc/">Canadian Real Estate Supply Keeps Prices On A “Downtrend”: RBC</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: BoC Explains Toronto Condos As A Ponzi, Mortgage Arrears Soar
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Explains Toronto Condos, Describes A Ponzi Scheme Canada’s central bank tried to explain Toronto’s condo market, and accidentally described a Ponzi. New home sales fell to just 1,599 units, the weakest since the early 1990s real estate crash. Meanwhile, […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-boc-explains-toronto-condos-as-a-ponzi-mortgage-arrears-soar/">This Week’s Top Stories: BoC Explains Toronto Condos As A Ponzi, Mortgage Arrears Soar</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Job Losses 10x Larger Than Adjusted Data Shows
<![CDATA[<p>Canada is losing jobs, but don’t worry—it needs less of them. That was the general takeaway from Statistics Canada (StatCan) this morning. Despite the agency reporting fewer jobs in January, the headline unemployment rate fell as fewer job seekers were in the market. Before bragging about how great the economy is, it’s worth understanding the […]</p> <p>The post <a href="https://betterdwelling.com/canadian-job-losses-10x-larger-than-adjusted-data-shows/">Canadian Job Losses 10x Larger Than Adjusted Data Shows</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Vancouver Real Estate Enters Second-Wave Correction, Inventory Soars
<![CDATA[<p>Home prices in Vancouver have resisted the sharp downturn seen in Toronto, but that may be changing fast. Greater Vancouver Real Estate Board (GVREB) data shows prices made a sharp drop in January, with losses accelerating in recent months. A combination of weak demand and multi-year highs for inventory—and a new construction glut—signals more downward […]</p> <p>The post <a href="https://betterdwelling.com/vancouver-real-estate-enters-second-wave-correction-inventory-soars/">Vancouver Real Estate Enters Second-Wave Correction, Inventory Soars</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Ontario Mortgage Arrears Surge 4x, Highest Rate Since 2012
<![CDATA[<p>Mortgage delinquencies are rising across Canada, but nowhere quite like Ontario. Canadian Bankers Association (CBA) data shows mortgage arrears continued to rise in November. Ontario has seen its rate more than quadruple in just over three years, hitting the highest level since 2012. Ontario Mortgage Delinquencies Soar To 13-Year High Ontario mortgage arrears rate: Mortgages […]</p> <p>The post <a href="https://betterdwelling.com/ontario-mortgage-arrears-surge-4x-highest-rate-since-2012/">Ontario Mortgage Arrears Surge 4x, Highest Rate Since 2012</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Toronto Real Estate Crash: Prices Down 27%, Inventory Hits A New High
<![CDATA[<p>Toronto real estate continues to defy all odds, but this time it’s to the downside. Toronto Regional Real Estate Board (TRREB) data shows prices fell further in January, extending a crash that now rivals the largest in the country’s history. Sales are still weak, as the investor-dominated market remains out of reach for end-users. The […]</p> <p>The post <a href="https://betterdwelling.com/toronto-real-estate-crash-prices-down-27-inventory-hits-a-new-high/">Toronto Real Estate Crash: Prices Down 27%, Inventory Hits A New High</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Bank of Canada Explains Toronto Condos, Describes A Ponzi Scheme
<![CDATA[<p>Canada’s largest real estate market runs on speculation, not housing demand. That’s the core message from the Bank of Canada’s (BoC) latest report, outlining the mechanics of a Ponzi scheme, without dropping the P-bomb. They warn that falling investor returns, driven by higher interest rates, now threaten builder models, suggesting these homes aren’t viable as […]</p> <p>The post <a href="https://betterdwelling.com/bank-of-canada-explains-toronto-condos-describes-a-ponzi-scheme/">Bank of Canada Explains Toronto Condos, Describes A Ponzi Scheme</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Job Vacancies: Alberta Surges, Ontario Matches Nunavut Lows
<![CDATA[<p>Canadian employers may be doing better than expected, but they aren’t showing much enthusiasm. Statistics Canada (StatCan) data show national job vacancies slipped in November, but it was far from a national trend. Five provinces showed monthly growth, with Saskatchewan and Alberta actually showing a substantial jump in hiring. The drag was primarily in BC […]</p> <p>The post <a href="https://betterdwelling.com/canadian-job-vacancies-alberta-surges-ontario-matches-nunavut-lows/">Canadian Job Vacancies: Alberta Surges, Ontario Matches Nunavut Lows</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Mortgage Arrears Rate Hits A 5-Year High
<![CDATA[<p>Canadians are behind on their bills, and the country’s banks have front row seats to this event. Canadian Bankers Association (CBA) data shows the arrears rate rose in November. It was only a small bump among its member banks, but enough to hit a 5-year high. Excluding the initial shock in 2020, the rate is […]</p> <p>The post <a href="https://betterdwelling.com/canadian-mortgage-arrears-rate-hits-a-5-year-high/">Canadian Mortgage Arrears Rate Hits A 5-Year High</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: Canadian Real Estate Developers’ Record Inventory, Nova Scotia Prices Plunge
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Growth 23% Smaller Than BoC Forecast Just 2 Days Ago Canada’s economy is shrinking, according to the latest data from Statistics Canada. Real GDP was flat in November, following a 0.3% drop in October. As a result, the agency expects […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-developers-record-inventory-nova-scotia-prices-plunge/">This Week’s Top Stories: Canadian Real Estate Developers’ Record Inventory, Nova Scotia Prices Plunge</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...
Looking for resale homes?
