Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Correction Is Far From Over: Oxford Economics Canada’s real estate correction is only half over, warns a prominent research firm. Oxford Economics sees the Spring bounce fading, and the correction resuming. Prices are forecast to fall another 10% by […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgages To Surge Higher As Bond Yield Hits 16 Year High Canadian mortgage rates are set to increase as the Government of Canada 5-year bond yield hit a 16-year high. This yield directly influences the 5-year fixed mortgage rate, which is […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Hits $2.9 Trillion As Personal Loans Pick Up Canadian households are shying away from mortgages and picking up more personal loans. The outstanding balance of household debt reached $2.9 trillion in May. A new record, but also the slowest […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Rising Unemployment Is A “Foolproof” Recession Signal: BMO Canada’s latest employment data shows a “foolproof” recession signal, according to BMO. The rising unemployment rate was written off as an anomaly, due to the population boom. Economists at the bank suggest that’s […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Rate Rises As Population Outpaces Jobs Canada’s economy is adding a massive amount of jobs, but not nearly enough. The country reported a gain of 60,000 jobs in June, but the unemployment rate rose to 5.4% as well. It turns […]
Greater Toronto real estate wasn’t looking as confident as it had been recently. TRREB data shows the price of a typical home (composite benchmark) climbed in June 2023. However, the increase was notably smaller than recent months, potentially indicating slowing momentum. At the same time, some affluent suburbs returned to falling prices—one dropping as much […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Makes The 90s Real Estate Bubble Look Like Affordable Housing Canadian real estate became just a little more affordable, according to the RBC Affordability Index. A median household would need to spend 59.5% of its income on debt servicing to buy […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Four Reasons Canada’s Real Estate Bubble Is A Systemic Banking Risk Canada’s banks have a reputation for being some of the most prudent in the world, but it’s tarnishing fast. After going all-in on real estate, they’re now exposed to significant risks […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Market Strength Unlikely To Last: RBC The Canadian real estate market has been surging since the Bank of Canada’s “pause” announcement, but RBC expects this momentum to slow due to rising interest rates and an improvement in inventory. Rising […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Warns The Era of Low Rates Is Over The Bank of Canada doesn’t see low interest rates returning anytime soon. Over the past 3 decades, the central bank argues that various factors have applied pressure to lower rates. As […]
