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!
Toronto New Home Sales Were The Weakest Since The 1990 Real Estate Crash
<![CDATA[<p>Greater Toronto real estate’s bad year ended even worse. Altus Group data showed Greater Toronto Area (GTA) developers saw demand slip further in December, as new home buyer incentives failed to stimulate new demand. As a result, the market accumulated the most year-end inventory in nearly a decade—nearly 2.5x the amount available in 2021’s tight […]</p> <p>The post <a href="https://betterdwelling.com/toronto-new-home-sales-were-the-weakest-since-the-1990-real-estate-crash/">Toronto New Home Sales Were The Weakest Since The 1990 Real Estate Crash</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Tax Holiday Hiding Inflation Surge, BoC Should Pause Cuts: BMO
<![CDATA[<p>Canada’s tax holiday ran for two months but it probably felt much shorter, and with good reason. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) accelerated in January. The central bank’s preferred inflation measures are now approaching the upper bound, and will bust through it like the Kool-Aid Man once the temporary […]</p> <p>The post <a href="https://betterdwelling.com/canadian-tax-holiday-hiding-inflation-surge-boc-should-pause-cuts-bmo/">Canadian Tax Holiday Hiding Inflation Surge, BoC Should Pause Cuts: BMO</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Real Estate Prices Jump Despite Inventory Growth 8x Sales
<![CDATA[<p>Canadian real estate prices are climbing despite an eroding economic and population outlook. Canadian Real Estate Association (CREA) data shows prices climbed sharply in January. It wasn’t due to a tightening market, as the growth rate of new listings was 8x that of home sales. Rising prices were almost certainly due to exuberance and policymakers […]</p> <p>The post <a href="https://betterdwelling.com/canadian-real-estate-prices-jump-despite-inventory-growth-8x-sales/">Canadian Real Estate Prices Jump Despite Inventory Growth 8x Sales</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: Canada’s Insolvency, Mortgage Arrears, & Unemployment Booms
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto’s Unemployed Population Hits 357k, Nearly 1 In 11 Workers Canada’s largest city is experiencing a surprising employment downturn. Toronto CMA added tens of thousands of jobs in January but added far more workers—a trend that’s been consistent for a few years […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadas-insolvency-mortgage-arrears-unemployment-booms/">This Week’s Top Stories: Canada’s Insolvency, Mortgage Arrears, & Unemployment Booms</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Toronto’s Unemployed Population Hits 357k, Nearly 1 In 11 Workers
<![CDATA[<p>Canada’s largest city is commonly known as the country’s economic capital, but that may change soon. Statistics Canada (Stat Can) data shows the Toronto CMA region added tens of thousands of jobs in January, but added even more unemployed people. Nearly 1 in 11 of the region’s workers are now actively unemployed and seeking work—a […]</p> <p>The post <a href="https://betterdwelling.com/torontos-unemployed-population-hits-357k-nearly-1-in-11-workers/">Toronto’s Unemployed Population Hits 357k, Nearly 1 In 11 Workers</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canada’s Non-Productive Building Boom—Inflation Killed 70% of Growth
<![CDATA[<p>Canadians are paying a lot more for a lot less, even when it comes to construction investment. Statistics Canada (Stat Can) data shows that investment in building construction ended the year much higher in December. Before getting too excited, a quick dive past the headlines into the agency’s data in real (inflation-adjusted) terms tells a […]</p> <p>The post <a href="https://betterdwelling.com/canadas-non-productive-building-boom-inflation-killed-70-of-growth/">Canada’s Non-Productive Building Boom—Inflation Killed 70% of Growth</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Consumer Insolvencies Just Saw A 2009-Like Growth Surge
<![CDATA[<p>Canada has some of the most highly indebted households in the world, and they may be approaching their breaking point. Office of the Superintendent of Bankruptcy (OSB) data shows December was one of the busiest in years for consumer insolvencies. The year ended with the most filings since 2009, growing at a pace similar to […]</p> <p>The post <a href="https://betterdwelling.com/canadian-consumer-insolvencies-just-saw-a-2009-like-growth-surge/">Canadian Consumer Insolvencies Just Saw A 2009-Like Growth Surge</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Banks Saw Mortgages In Arrears Jump 22% Higher
<![CDATA[<p>Canada’s largest mortgage lenders are in an unusually long-lasting rut. Canadian Bankers Association (CBA) data shows its members are seeing more mortgages fall into arrears in November. The arrears rate is now moving at one of the fastest paces ever recorded, rising from record lows to a 3-year high in a matter of months. At […]</p> <p>The post <a href="https://betterdwelling.com/canadian-banks-saw-mortgages-in-arrears-jump-22-higher/">Canadian Banks Saw Mortgages In Arrears Jump 22% Higher</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: More Canadians Are Leaving For Good, & Toronto Housing Inventory Jumps 70%
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Have Only Fled The Country Faster 4 Times Since 1967 Canadian citizens are leaving in some of the highest volumes on record. Canadian emigrants, those leaving permanently, rose 3% from last year to 29,100 people in Q3 2024. The third quarter […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-more-canadians-are-leaving-for-good-toronto-housing-inventory-jumps-70/">This Week’s Top Stories: More Canadians Are Leaving For Good, & Toronto Housing Inventory Jumps 70%</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canada Gained 76k Jobs… Or Lost 173k, Depends On The Data Set
<![CDATA[<p>Canada’s economy is booming… or not. Depends on whether you’re in economics or finance—or in academia or looking for a job. Statistics Canada (Stat Can) seasonally adjusted data shows the country added tens of thousands of jobs in January, pushing the unemployment rate lower. Unadjusted data tells a very different story, with the country adding […]</p> <p>The post <a href="https://betterdwelling.com/canada-gained-76k-jobs-or-lost-173k-depends-on-the-data-set/">Canada Gained 76k Jobs… Or Lost 173k, Depends On The Data Set</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
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