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>Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth […]</p> <p>The post <a href="https://betterdwelling.com/canadian-rental-list-prices-make-first-drop-since-covid-bc-on-cities-lead-lower/">Canadian Rental List Prices Make First Drop Since COVID, BC & ON Cities Lead Lower</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>The Canadian economy is slowing down but some provinces are doing better than others. Statistics Canada (Stat Can) released annual provincial real gross domestic product (GDP) for 2023 this morning. The data shows 9 in 10 provinces grew, with those in the West showing the highest growth. When adjusted for the population, only half of […]</p> <p>The post <a href="https://betterdwelling.com/canadas-west-leads-provincial-gdp-per-capita-growth-dropped-in-half/">Canada’s West Leads Provincial GDP, Per Capita Growth Dropped In Half</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>The Greater Toronto real estate price boom continued to unwind last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a composite benchmark (typical) home fell once again in October. Prices have now rolled back to where they were 3-years ago, falling nearly half the cost of a home just 10-years prior. […]</p> <p>The post <a href="https://betterdwelling.com/toronto-real-estate-prices-roll-back-to-2021-levels-near-technical-crash/">Toronto Real Estate Prices Roll Back To 2021 Levels, Near Technical “Crash”</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>The Canadian and American economies are closely intertwined and tend to perform similarly. Which makes sense, since the two countries have similar levels of affluence and strong cross border trade. Rarely do the two countries see much economic divergence, but this is one of those times. The Canadian economy is slowing much faster than the […]</p> <p>The post <a href="https://betterdwelling.com/canadian-american-bond-yields-form-widest-gap-since-asian-financial-crisis-nbf/">Canadian & American Bond Yields Form Widest Gap Since Asian Financial Crisis: NBF</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canada’s central bank may be moving a little faster than the market anticipates. The Bank of Canada (BoC) released its quarterly market participant survey (MPS) this morning. The survey asks prominent financial market participants what they’re expecting in the coming months in terms of economic growth, inflation, and policy. Most respondents see Canada’s real GDP […]</p> <p>The post <a href="https://betterdwelling.com/bank-of-canada-market-survey-sees-rates-staying-higher-for-longer/">Bank of Canada Market Survey Sees Rates Staying Higher For Longer</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 Immigration Changes To Impact BC & Ontario Real Estate Most: BMO Canada is changing course on immigration and that means real estate investors should pay attention. A new BMO Capital Markets report notes the population declines will be felt the sharpest […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-investors-brace-for-population-declines-toronto-condos-plunge/">This Week’s Top Stories: Canadian Real Estate Investors Brace For Population Declines, & Toronto Condos Plunge</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadian immigration policy will seek to slow population growth, but the impact will vary by province. In a new BMO Capital Markets research note, the bank explains regions with the highest number of temporary residents will be impacted most. As a result, that means shelter costs in BC and Ontario will see the most immediate […]</p> <p>The post <a href="https://betterdwelling.com/canadian-immigration-changes-to-impact-bc-ontario-real-estate-most-bmo/">Canadian Immigration Changes To Impact BC & Ontario Real Estate Most: BMO</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canada’s economy is close to contraction, with public sector growth the last pillar holding it up. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) was unchanged in August. A Big Six bank warns that despite maintaining robust population growth, only non-business growth remains positive. The combination of factors continues to erode at […]</p> <p>The post <a href="https://betterdwelling.com/canadian-gdp-driven-solely-by-public-admin-biz-growth-turns-negative/">Canadian GDP Driven Solely By Public Admin, Biz Growth Turns Negative</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadian households may be even less confident about the future of the economy than we think. Statistics Canada (Stat Can) data shows active businesses were unchanged in July. In fact, despite a booming population, the country has seen no growth in the number of businesses that operate. With businesses continuing to close at a faster […]</p> <p>The post <a href="https://betterdwelling.com/canada-added-500k-people-but-no-new-businesses/">Canada Added 500k People But No New Businesses</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Greater Toronto condo owners holding out for the monetary easing cycle got some bad news last month—it didn’t matter. Toronto Regional Real Estate Board (TRREB) data shows the benchmark (typical) condo apartment price plunged lower in September. The declines aren’t softening either, instead picking up pace and making one of the largest monthly drops on […]</p> <p>The post <a href="https://betterdwelling.com/toronto-condo-prices-just-had-one-of-the-worst-months-on-record/">Toronto Condo Prices Just Had One of The Worst Months On Record</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...