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: Canada’s Real Estate Bubble Is Popping & BoC Warns It Won’t Be Pain Free

<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ Macroeconomics firm Oxford Economics warned clients that Canada’s recession is here. They believe home prices will fall 30% from peak-to-trough by next year, wiping out most growth. […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/this-weeks-top-stories-canadas-real-estate-bubble-is-popping-boc-warns-it-wont-be-pain-free/">This Week’s Top Stories: Canada’s Real Estate Bubble Is Popping & BoC Warns It Won’t Be Pain Free</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ

<![CDATA[<p>The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation are pushing home prices much lower and prolonging the downturn. High inflation also means a stimulus windfall […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-real-estate-prices-to-fall-30-early-stages-of-recession-are-here-ox-econ/">Canadian Real Estate Prices To Fall 30%, Early Stages of Recession Are Here: Ox Econ</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Mortgage Borrowers Took The Bait, Now Their Costs Are Ripping Higher

<![CDATA[<p>Many Canadian mortgage borrowers are regretting walking into a low rate trap. Bank of Canada (BoC) data reveals a surge of borrowers over the past few years opting for variable rates. At the time, mortgage borrowers might have saved a few points over their fixed-rate peers. Now interest costs are making one of the most […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-mortgage-borrowers-took-the-bait-now-their-costs-are-ripping-higher/">Canadian Mortgage Borrowers Took The Bait, Now Their Costs Are Ripping Higher</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Most of Canada’s Peak Home Buyers With A Minimum Downpayment Are Underwater

<![CDATA[<p>The Canadian real estate bubble is bursting rapidly as rates rise, and peak buyers are in for a rough time. Canadian Real Estate Association (CREA) data shows the national market peaked in March 2022. We ran the numbers to see how much equity buyers from that month would have at this point. Most peak buyers […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/most-of-canadas-peak-home-buyers-with-a-minimum-downpayment-are-underwater/">Most of Canada’s Peak Home Buyers With A Minimum Downpayment Are Underwater</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada

<![CDATA[<p>Canada’s got ninety-nine problems and mortgage debt is…. Over two trillion of them. Bank of Canada (BoC) senior deputy governor Carolyn Rogers addressed concerns about financial stability earlier today. She boiled it down to two major concerns that have been present for a long time, but are building up — household debt and housing. She […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canada-needs-lower-home-prices-economic-stability-requires-pain-bank-of-canada/">Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Mortgage Credit Grinds To A Halt, Slowest September In Two Decades

<![CDATA[<p>Canadian mortgage credit had an unusually slow month, as the hangover from higher rates starts to settle in. Bank of Canada (BoC) data shows consumer mortgages debt continued to decelerate in September. Higher rates and weak home sales combined for the slowest September in two decades. Canadians Owe Over $2.1 Trillion In Mortgage Debt Canadian […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-mortgage-credit-grinds-to-a-halt-slowest-september-in-two-decades/">Canadian Mortgage Credit Grinds To A Halt, Slowest September In Two Decades</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 Compared To Past Bubbles & Lender Losses Surge

<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68% Canadian mortgage lenders are reporting significantly higher average loan losses. The average loss reached $96,000 in Q3 2022, up a whopping 68.4% (US$39,000). This indicates liquidity is falling for sellers, which […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-compared-to-past-bubbles-lender-losses-surge/">This Week’s Top Stories: Canadian Real Estate Compared To Past Bubbles & Lender Losses Surge</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68%

<![CDATA[<p>Canadian real estate is starting to see the first sign of stress from higher interest, and normalized demand. Canadian mortgage lenders are beginning to write off larger mortgages in Q3 2022—the largest in nearly a decade. Credit bureau data shows this isn’t a problem yet, as the share of mortgages written off continues to fall. […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-mortgage-lenders-see-larger-loan-losses-average-value-soars-68/">Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68%</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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An “Ultra Violent Cult” Is Stealing Cars & Using Canadian Real Estate To Launder: FINTRAC

<![CDATA[<p>Canadian real estate, an “ultra violent cult,” money laundering, and Toronto’s stolen cars. Sounds like a spy thriller, but that’s reality in Canada, according to FINTRAC. In 2017, the financial intelligence agency assessed the money laundering threat of an organized crime group called Black Axe. The group infiltrated the government, conducts mass fraud, and runs […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/an-ultra-violent-cult-is-stealing-cars-using-canadian-real-estate-to-launder-fintrac/">An “Ultra Violent Cult” Is Stealing Cars & Using Canadian Real Estate To Launder: FINTRAC</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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Canadian Real Estate Prices Slip Once Again, Worst October For Sales Since 2010

<![CDATA[<p>Canadian real estate found its footing last month, according to the industry. However, Canadian Real Estate Association (CREA) data tells a completely different story in the October numbers. Yes, seasonally adjusted home sales were higher than the month before, but it was still the worst October since the Global Financial Crisis. Home prices also saw […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-real-estate-prices-slip-once-again-worst-october-for-sales-since-2010/">Canadian Real Estate Prices Slip Once Again, Worst October For Sales Since 2010</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>

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