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 Markets Have Seen A “Typical” Home Increase Up To $400,000
<![CDATA[<p>Canadian real estate prices are soaring at the fastest pace ever, yet the national numbers downplay growth. Canadian Real Estate Association (CREA) data shows home prices continued to soar in December. Over just 31 days, a “typical” home added up to $40,000 in one market. Over the past year, prices have increased more than ten […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-real-estate-markets-have-seen-a-typical-home-increase-up-to-400000/">Canadian Real Estate Markets Have Seen A “Typical” Home Increase Up To $400,000</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Bank of Canada Quietly Revised Its GDP Forecast To Show A Larger Housing Contraction
<![CDATA[<p>Despite Canadian real estate spiraling out of control, the central bank held rates. The Bank of Canada (BoC) attributed the decision to fears of economic risk, but glossed over that fear being a housing slowdown. The BoC’s latest gross domestic product (GDP) forecast shows housing will provide a big drag in 2022. A year ago, […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/bank-of-canada-quietly-revised-its-gdp-forecast-to-show-a-larger-housing-contraction/">Bank of Canada Quietly Revised Its GDP Forecast To Show A Larger Housing Contraction</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...The Bank of Canada Didn’t Raise Rates, It Raised Its Inflation Forecast
<![CDATA[<p>It’s only January, but Canada’s central bank has already given up on its New Year’s resolution. As forecast, the Bank of Canada (BoC) held its overnight rate in today’s announcement. However, it was an odd move considering how hot inflation has been running. The reason is actually pretty straightforward — the central bank is embracing […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/the-bank-of-canada-didnt-raise-rates-it-raised-its-inflation-forecast/">The Bank of Canada Didn’t Raise Rates, It Raised Its Inflation Forecast</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...How High Will The Bank of Canada Hike Rates? We Asked The Country’s Top Experts
<![CDATA[<p>Canadians have never had so many monetary policy questions, especially homebuyers. Our crystal ball is in the shop, so we can’t tell you what interest rates will be. However, we can do the next best thing — present you with the Canadian Overnight Rate Sentiment Index. We polled the country’s top economics and finance experts […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/how-high-will-the-bank-of-canada-hike-rates-we-asked-the-countrys-top-experts/">How High Will The Bank of Canada Hike Rates? We Asked The Country’s Top Experts</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian HELOC Debt Just Made The Biggest Jump Since March 2020
<![CDATA[<p>Canadian owners eased on home equity line of credit (HELOC) debt, but they’re warming up to using them again. Office of the Superintendent of Financial Institutions (OSFI) data shows an abrupt jump in HELOC debt for November. The credit segment had been shrinking for over a year, with only a few minor monthly bumps higher. […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadian-heloc-debt-just-made-the-biggest-jump-since-march-2020/">Canadian HELOC Debt Just Made The Biggest Jump Since March 2020</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...If Canada Skips The Rate Hike It’s Due To Ukraine, Not The Economy: National Bank
<![CDATA[<p>Canada’s economy has been making a solid recovery, and it turns out it’s even stronger than thought. National Bank of Canada (NBF) points to this morning’s employment revision. A routine revision from Statistics Canada (Stat Can) shows a sharp climb for employment. In the bank’s opinion, this further strengthens the reason for the Bank of […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/if-canada-skips-the-rate-hike-its-due-to-ukraine-not-the-economy-national-bank/">If Canada Skips The Rate Hike It’s Due To Ukraine, Not The Economy: National Bank</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: Canadian Real Estate Bubble Expected To Slow, But It’s Too Big For A Crash To Fix
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble Is So Big Even The Mother Of All Crashes Can’t Fix It Canadian real estate prices have soared so high, not even a large crash can help. Heck, multiple crashes only bring prices to where concerns were first […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-bubble-expected-to-slow-but-its-too-big-for-a-crash-to-fix/">This Week’s Top Stories: Canadian Real Estate Bubble Expected To Slow, But It’s Too Big For A Crash To Fix</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Most of Canada’s Huge Pile of Savings Are Held By The Wealthiest Households
<![CDATA[<p>Canadians have been on a savings spree like few other points in history, but it might not be what it seems. Statistics Canada (Stat Can) data shows household savings have been soaring. The country expects these savings to be unlocked and create an economic boom in the future. We broke down households by income fifths […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/most-of-canadas-huge-pile-of-savings-are-held-by-the-wealthiest-households/">Most of Canada’s Huge Pile of Savings Are Held By The Wealthiest Households</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It
<![CDATA[<p>Canadian real estate is now some of the most expensive in the world. Home prices across the country, not in pricey hubs, are now comically overvalued. At this point, not even a major housing crash can restore affordability. Many think this is pandemic-related, but overvaluation has long been a concern. For at least a decade, […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/canadas-real-estate-bubble-is-so-big-even-the-mother-of-all-crashes-cant-fix-it/">Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Bank of Canada Raising Rates Can Drop Real Estate Sales Over 50%: BCREA
<![CDATA[<p>Canada’s central bank is preparing to raise rates, and everyone is trying to guess what this means. The BC Real Estate Association (BCREA) is the latest to forecast the impact of a rising overnight rate. If the Bank of Canada (BoC) hikes as expected, BC home sales will see a modest decline. Home sales are […]</p> <p>The post <a rel="nofollow" href="https://betterdwelling.com/bank-of-canada-raising-rates-can-drop-real-estate-sales-over-50-bcrea/">Bank of Canada Raising Rates Can Drop Real Estate Sales Over 50%: BCREA</a> appeared first on <a rel="nofollow" href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
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