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>If you’ve ever thought that using a payday loan to pay off a credit card was a good idea, you’re about to be all kinds of impressed. The Government of Canada (GoC) has begun buying billions in Canada Mortgage Bonds (CMBs), in a last ditch effort to stimulate more borrowing. The planned purchases are equivalent […]</p> <p>The post <a href="https://betterdwelling.com/canada-is-spending-75-of-its-forecast-deficit-to-prop-up-mortgages/">Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages</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 Wealth Driven By Housing, Outpaced Income Up To 13x: RBC Canadian wealth is driven by housing and it’s creating a wealth gap that may be permanent. An analysis from RBC shows nearly half of household wealth has been driven by housing—almost […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canada-approaching-a-lost-decade-mounties-consider-renters-a-threat/">This Week’s Top Stories: Canada Approaching A Lost Decade, Mounties Consider Renters A Threat</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadians have seen their wealth surge through a simple act—just paying their mortgages. The problem, according to the country’s largest bank, is that one person’s inflated housing wealth is another person’s hurdle to shelter. RBC warns the issue is now so bad, the vast majority of people will never be able to afford to buy […]</p> <p>The post <a href="https://betterdwelling.com/canadian-wealth-driven-by-housing-outpaced-income-up-to-13x-rbc/">Canadian Wealth Driven By Housing, Outpaced Income Up To 13x: RBC</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canada is facing a number of destabilizing forces—like climate change, disinformation, and young adults never owning a home. That’s the take from an internal RCMP report called the Whole-Of-Government Five-Year Trends For Canada. The report is a “scanning exercise” on evolving risks for law enforcement to monitor. It puts the fact that many people under […]</p> <p>The post <a href="https://betterdwelling.com/canadians-present-a-major-threat-if-they-realize-they-wont-own-a-home-rcmp/">Canadians Present A Major Threat If They Realize They Won’t Own A Home: RCMP</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadians were warned about building a housing-based economy, now they’re approaching a lost decade. National Bank of Canada Financial (NBF) recently wrote to institutions to warn the country’s productivity is stagnating. As a result, so is the quality of life as real gross domestic product (GDP) remains at the same level it was 7 years […]</p> <p>The post <a href="https://betterdwelling.com/canadian-standard-of-living-plummets-lower-approaching-lost-decade/">Canadian Standard of Living Plummets Lower, Approaching Lost Decade: NBF</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Toronto’s population boom has led to rapid growth of its talent pool—but can they find work? Statistics Canada (Stat Can) data shows Toronto’s unemployment rate rose significantly faster than the national rate in February. The city’s unemployed population has grown to hundreds of thousands of people, with annual growth rising 11x the rate of its […]</p> <p>The post <a href="https://betterdwelling.com/toronto-unemployment-surges-adds-75k-more-unemployed-people/">Toronto Unemployment Surges, Adds 75k More Unemployed People</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>What does Canada have in common with two of the world’s most restrictive regimes? The state of its population’s mental health. Sapien Labs has released its fourth annual Mental State of the World rankings, and things are stagnating. Post-pandemic, English speaking countries saw their score dive. Initially researchers believed this would be a temporary phase, […]</p> <p>The post <a href="https://betterdwelling.com/canadians-rank-low-on-global-mental-wellbeing-list-1-in-4-people-distressed/">Canadians Rank Low On Global Mental Wellbeing List, 1 In 4 People “Distressed”</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 Ontario Premier’s Company Quietly Sold A $6.75m Property, Flipped Months Later A company associated with Ontario’s Premier quietly sold a pricey piece of land. The industrial property in West Toronto went for $6.75 million, a premium compared to comps. The buyer didn’t […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-mortgage-delinquencies-business-insolvencies-surge/">This Week’s Top Stories: Canadian Mortgage Delinquencies & Business Insolvencies Surge</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Ontario may have been locked down, but a company connected to the province’s top politician was busy at work. In December 2020, CoStar reported a company connected to Premier Doug Ford sold 85 Vulcan St., an industrial property in West Toronto. The deal didn’t gain any media attention outside of the commercial real estate platform, […]</p> <p>The post <a href="https://betterdwelling.com/ontario-premiers-company-quietly-sold-a-6-75m-property-flipped-months-later/">Ontario Premier’s Company Quietly Sold A $6.75m Property, Flipped Months Later</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...<![CDATA[<p>Canadian policymakers are scrambling to make daily announcements of helicopter cash to stimulate building, but it may have the opposite effect. Statistics Canada (Stat Can) data shows building permit application values slightly increased in January. However most of the gain was lost to inflation, especially when it came to new housing—a segment that showed nearly […]</p> <p>The post <a href="https://betterdwelling.com/canadian-home-building-intentions-are-worse-than-2019-despite-gov-stimulus/">Canadian Home Building Intentions Are Worse Than 2019 Despite Gov Stimulus</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
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