Canadian real estate markets that are suddenly well supplied are about to get more inventory. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts climbed in September 2023. The rise in starts is good news for housing supply, but may not be great news for investors. Existing inventory for sale has climbed to […]
The Canadian economy is slowing and that’s helping to moderate price growth. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) decelerated in September 2023. Inflation remains elevated but it’s still slowing down. That’s good news for those fearing rate hikes, but slowing demand and fading economic growth is still far from good […]
Canadians were planning a flurry of real estate activity just a few months ago, but risk happens fast. The Bank of Canada (BoC) Survey of Consumer Expectations show households have planned less housing activity in Q3 2023. Despite a booming population, fewer people plan to buy or sell a home—or even move. Fewer Canadians Are […]
Canada is seeing higher interest rates, turning investors away from the market. That’s helping to balance demand. Canadian Real Estate Association (CREA) data reveals national existing home sales fell in September. The drop isn’t particularly noteworthy by itself, but when combined with strong inventory it demands attention. Market conditions are cooling so rapidly that Canada’s […]
Canada’s two largest markets somehow managed to keep up with record population growth—until now. The Statistics Canada (Stat Can) Canadian Housing Statistics Program (CHSP) latest update shows new homes lagged population growth in 2022. The group had previously released a study showing Canada’s housing stock had outpaced population growth up to 2021. It appears Canada […]
The Canadian real estate outlook is getting dimer, at least in the near term. TD Economics made a downgrade to its forecast for home sales and prices. Interest rates have climbed higher than anticipated, and the bank warns that will slow things down even further than thought. Canadian Bond Yields Are On A Tear, Which […]
Canadian mortgage rates are climbing and may be creating a little more stress for borrowers. Equifax data reveals mortgage delinquencies have climbed from record lows in Q2 2023. That may present some concerns, until some context is provided. Yes, the delinquency rate is climbing from lows, but the rates remain much lower than they were […]
Canada’s economy printed what traditionally would be another blowout job report. Statistics Canada (Stat Can) data shows the country added tens of thousands of jobs in September, and wage growth is ripping higher. However, virtually every economist we heard from this morning warned the data has to be viewed with a different lens. To summarize […]
Canadian real estate markets are preparing for another raid, said one of the country’s largest banks. BMO warns the early data for September markets generally shows loosening conditions. Markets like Toronto, which usually have scarce supply, are now flush with the most inventory since 2010. Markets are only expected to get more loose in the […]
Greater Toronto real estate prices are once again moving lower as investors pull back. Toronto Regional Real Estate Board (TRREB) data revealed prices moved lower in September. It marked the third consecutive month for falling home prices, nearly wiping out gains made after a central bank pause. Despite a new pause, home sales are falling […]
