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!
Greater Toronto Rental Vacancy Rate Soars 30% Higher, Prices Barely Move
<![CDATA[<p>Greater Toronto’s Great Supply Shortage may be coming to an end, but the narrative is alive and well. Data from developer consulting firm Urbanation shows new purpose-built rental vacancy rates across the Greater Toronto-Hamilton Area (GTHA) have climbed significantly as of Q1 2024. The share of available units is now much higher than pre-2019 rates, […]</p> <p>The post <a href="https://betterdwelling.com/greater-toronto-rental-vacancy-rate-soars-30-higher-prices-barely-move/">Greater Toronto Rental Vacancy Rate Soars 30% Higher, Prices Barely Move</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian GDP Growth Hits Half The Estimate, Previous Data Revised Lower
<![CDATA[<p>Canada’s economy started the year strong, but things are changing fast. Statistics Canada (Stat Can) real gross domestic (GDP) growth came in slower-than-expected in February. Today’s data also included a downward revision for January, and a preliminary estimate of flat growth for the rest of the quarter. Any signs of life the economy showed at […]</p> <p>The post <a href="https://betterdwelling.com/canadian-gdp-growth-hits-half-the-estimate-previous-data-revised-lower/">Canadian GDP Growth Hits Half The Estimate, Previous Data Revised Lower</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Real Estate Prices Climbed Faster Than Mortgage Payments
<![CDATA[<p>Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the […]</p> <p>The post <a href="https://betterdwelling.com/canadian-real-estate-prices-climbed-faster-than-mortgage-payments/">Canadian Real Estate Prices Climbed Faster Than Mortgage Payments</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: Canada Goes Into “Crisis” Mode With Mortgages, & Anti-Laundering Systems Down
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Changes Blur The Line Between Normal & Crisis: CMHC Canada was warned directly funding its mortgages would be a disaster, but it’s seeking the same impact anyway. The Government of Canada sought advice from the CMHC on directly funding mortgages […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canada-goes-into-crisis-mode-with-mortgages-anti-laundering-systems-down/">This Week’s Top Stories: Canada Goes Into “Crisis” Mode With Mortgages, & Anti-Laundering Systems Down</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Ontario, BC, and Nova Scotia Real Estate Prices Have Corrected The Most
<![CDATA[<p>Most Canadian real estate markets have seen prices decline, but they aren’t nearly as large as many may assume. Canadian Real Estate Association (CREA) data shows the composite benchmark (typical) home price declined significantly at the national level. However, breaking those numbers down shows most of that decline was concentrated in provinces like Ontario, BC, […]</p> <p>The post <a href="https://betterdwelling.com/ontario-bc-and-nova-scotia-real-estate-prices-have-corrected-the-most/">Ontario, BC, and Nova Scotia Real Estate Prices Have Corrected The Most</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Toronto Mortgage Delinquency Rate Surges 71% Higher
<![CDATA[<p>The real estate slowdown in Canada’s largest city is starting to show increasing signs it’s not just a blip. Greater Toronto saw a sharp climb to its mortgage delinquency rate in Q4 2023, according to Equifax data. The share of delinquent mortgages has nearly doubled in just over a year, leading to the highest rate […]</p> <p>The post <a href="https://betterdwelling.com/toronto-mortgage-delinquency-rate-surges-71-higher/">Toronto Mortgage Delinquency Rate Surges 71% Higher</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Government Borrowed The Most From Bond Markets Since 2021
<![CDATA[<p>Canada is on an epic borrowing spree, and that’s not good news for anyone else. The Government of Canada (GoC) new direct and guaranteed bond issuance made a big jump in March. It was the biggest monthly issuance of GoC debt since 2021, and it came ahead of the latest budget’s new proposed spending—while the […]</p> <p>The post <a href="https://betterdwelling.com/canadian-government-borrowed-the-most-from-bond-markets-since-2021/">Canadian Government Borrowed The Most From Bond Markets Since 2021</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Mortgage Changes Blur The Line Between Normal & Crisis: CMHC
<![CDATA[<p>Canada is taking crisis-style mortgage market intervention, and making it an everyday thing. That was the feedback the Government of Canada (GoC) received from the CMHC. In recommendations dated in 2022, the CMHC explained the country’s plan to directly fund mortgage borrowing is unusual for a Sovereign, and blurs the line between normal markets and […]</p> <p>The post <a href="https://betterdwelling.com/canadian-mortgage-changes-blur-the-line-between-normal-crisis-cmhc/">Canadian Mortgage Changes Blur The Line Between Normal & Crisis: CMHC</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...Canadian Anti-Money Laundering Reporting Systems Still Down Post-Hack
<![CDATA[<p>Canada recently suffered a setback fighting its reputation as a global money laundering hub. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the country’s financial crimes intelligence agency, disclosed a cyber incident in March. Nearly two months later, the country’s financial crimes intelligence agency still hasn’t got 100% of its systems back up and […]</p> <p>The post <a href="https://betterdwelling.com/canadian-anti-money-laundering-reporting-systems-still-down-post-hack/">Canadian Anti-Money Laundering Reporting Systems Still Down Post-Hack</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...This Week’s Top Stories: Canadian Mortgages Help Push Record Debt & Investors Are Fleeing
<![CDATA[<p>Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Nears $3 Trillion, Over 130% of GDP Canadians are warming up to borrowing again, fueled by rumors of cheap credit returning soon. Households owed $3 trillion in debt as of February, climbing 3.4% from last year. Higher rates slowed […]</p> <p>The post <a href="https://betterdwelling.com/this-weeks-top-stories-canadian-mortgages-help-push-record-debt-investors-are-fleeing/">This Week’s Top Stories: Canadian Mortgages Help Push Record Debt & Investors Are Fleeing</a> appeared first on <a href="https://betterdwelling.com">Better Dwelling</a>.</p> ]]>
Read more ...
Looking for resale homes?
