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!

Greater Vancouver Real Estate Prices Fell $25k Last Month

<![CDATA[<p>Greater Vancouver real estate prices only showed a mild pullback while Toronto was plummeting, but it’s making up for lost time. Real Estate Board of Greater Vancouver (REBGV) data shows the benchmark price made a sharp drop in June. After barely budging in May, prices are now falling tens of thousands per week.  Greater Vancouver […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/greater-vancouver-real-estate-prices-fell-25k-last-month/">Greater Vancouver Real Estate Prices Fell $25k Last Month</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Toronto Real Estate Prices Dropped $56k Last Month, Down $130k From Peak

<![CDATA[<p>It feels like it was just a few weeks ago that we were writing about Toronto real estate’s massive gains. Oh, it was just a few weeks ago — price drops are just happening really fast. Toronto Regional Real Estate Board (TRREB) data shows home prices fell in June. Prices fell even faster than they […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/toronto-real-estate-prices-dropped-56k-last-month-down-130k-from-peak/">Toronto Real Estate Prices Dropped $56k Last Month, Down $130k From Peak</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Lumber Prices Have Crashed Over 60%, Home Builder Costs To Ease

<![CDATA[<p>It’s going down. I’m yelling timberrr. Bad joke, but good news for home construction costs, unless you’re a timber dealer. After more than tripling since 2020, lumber prices have crashed over 60% lower as of Tuesday. Surging lumber over the past two years helped drive construction costs tens of thousands of dollars higher. Now that […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/lumber-prices-have-crashed-over-60-home-builder-costs-to-ease/">Lumber Prices Have Crashed Over 60%, Home Builder Costs To Ease</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canada’s Most Expensive Real Estate Market Is Dropping An Average of $2,200 Per Day

<![CDATA[<p>Canadian real estate prices got a big boost from central bank stimulus, sparking a speculative frenzy. That frenzy is coming to an end fast, with more than half of major markets off peak. A pullback is expected after rapid price increases for real estate markets. What’s unexpected is the pace of the pullback, possibly one […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadas-most-expensive-real-estate-market-is-dropping-an-average-of-2200-per-day/">Canada’s Most Expensive Real Estate Market Is Dropping An Average of $2,200 Per Day</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Households To Cut Spending and Pay Down Debts If Rates Rise: BoC

<![CDATA[<p>Higher interest rates might force Canadian households to do the unexpected — pay down debt. That was one of the findings in the Bank of Canada (BoC) Survey of Consumer Expectations. The Q2 2022 results show many households plan to change spending behavior if rates rise. It also revealed the average person expects inflation to […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-households-to-cut-spending-and-pay-down-debts-if-rates-rise-boc/">Canadian Households To Cut Spending and Pay Down Debts If Rates Rise: BoC</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman

<![CDATA[<p>A global real estate correction has kicked off and Canada is expected to lead lower. That was the message from Goldman Sachs (GS) Research’s latest client note on rising rates. Excessively low rates stimulated record home sales and a multi-decade high for inflation. Now that rates are rising to cool that inflation, it’s removing home […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-real-estate-prices-to-see-the-sharpest-drop-in-global-downturn-goldman/">Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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This Week’s Top Stories: Canadian Real Estate Prices Are Falling, and Regulator Prepares

<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Are On Track To Drop $68k By Mid-Summer Higher interest rates have knocked the exuberance out of Canadian real estate. The sales to new listings ratio (SNLR) historically has led annual price growth by 3 months. It’s so […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-prices-are-falling-and-regulator-prepares/">This Week’s Top Stories: Canadian Real Estate Prices Are Falling, and Regulator Prepares</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Provinces Depend On Real Estate Services For Up To 1 In 5 GDP Dollars

<![CDATA[<p>Canada’s addiction to real estate-driven growth won’t be easy to break, being such a large share of the economy. Statistics Canada (Stat Can) released annual provincial data for Real Estate and Rental and Leasing (RERL). RERL is a share of gross domestic product (GDP) sourced from real estate services. Over the past two decades, RERL […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-provinces-depend-on-real-estate-services-for-up-to-1-in-5-gdp-dollars/">Canadian Provinces Depend On Real Estate Services For Up To 1 In 5 GDP Dollars</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Bubble Contagion? Bank of Canada Finds Suburban Real Estate Prices Outgrew The City

<![CDATA[<p>Bubble Contagion? Bank of Canada Finds Suburban Real Estate Prices Outgrew The City Canadian real estate prices have made absurd gains over the past year, especially in big city suburbs. A new study from the Bank of Canada (BoC) looked at this phenomenon, observing the gap between city centers and the suburbs has been quickly […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/bubble-contagion-bank-of-canada-finds-suburban-real-estate-prices-outgrew-the-city/">Bubble Contagion? Bank of Canada Finds Suburban Real Estate Prices Outgrew The City</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Ontario Just Approved The Largest Rent Hikes In A Decade, Further Entrenching Inflation

<![CDATA[<p>Ontario is about to experience more real estate pressures in the form of higher rents. The Government of Ontario released its annual rent guideline for 2023. This guideline covers the maximum increase most tenants can experience in the year. With inflation at a 40-year high, it’s hardly surprising to see the guideline at a decade […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/ontario-just-approved-the-largest-rent-hikes-in-a-decade-further-entrenching-inflation/">Ontario Just Approved The Largest Rent Hikes In A Decade, Further Entrenching Inflation</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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