Canadian Real Estate Prices Slipped, Inventory “Jumps” In April
Better Dwelling Blog
by Daniel Wong
3h ago
Canadian real estate had a slow start last month, but activity picked up towards the end. Canadian Real Estate Association (CREA) data shows sales and new inventory both showed only minor movements in March. Prices slipped lower but haven’t moved much since last year. The big insight was the surge of activity towards month-end, and […] The post Canadian Real Estate Prices Slipped, Inventory “Jumps” In April appeared first on Better Dwelling ..read more
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Canada Tries To Bail Out Real Estate Developers With 30-Year Mortgages
Better Dwelling Blog
by Stephen Punwasi
2d ago
Canada is rolling out new policies to help its highly indebted households support soft demand for new housing. Earlier today, the Government of Canada (GoC) announced new measures to increase the amount of capital used to buy new homes. New home sales have been weak at these prices, and rather than letting prices fall, it […] The post Canada Tries To Bail Out Real Estate Developers With 30-Year Mortgages appeared first on Better Dwelling ..read more
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Bank of Canada Just Delivered Bad News For Mortgage Rates, Yields Surge
Better Dwelling Blog
by Daniel Wong
2d ago
Canadians expecting good news for mortgage rates just got the exact opposite. The Bank of Canada (BoC) made no changes to the overnight rate, as expected by the market. While no cuts were expected, it was still widely  believed they would reassure the market of progress on inflation, helping to reinforce expectations of rate cuts […] The post Bank of Canada Just Delivered Bad News For Mortgage Rates, Yields Surge appeared first on Better Dwelling ..read more
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Canadian Mortgages Just Had One of The Slowest Quarters Ever 
Better Dwelling Blog
by Daniel Wong
3d ago
Canada’s debt-crazed households finally met their match—interest rates higher than inflation. Bank of Canada (BoC) data shows residential mortgage credit slowed even further in Q4 2023. The unusually slow quarter revealed households accumulated mortgage debt at one of the slowest rates ever, as interest rates divert capital to areas outside of housing.  Canadian Mortgage Debt […] The post Canadian Mortgages Just Had One of The Slowest Quarters Ever  appeared first on Better Dwelling ..read more
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Canada To Cut Interest Rates Before US As Labor Market Erodes: BMO
Better Dwelling Blog
by Daniel Wong
4d ago
The Canadian and US economy are diverging from their typically similar performance. A new research note from BMO warns Canada’s economy is seriously underperforming in contrast to the US, especially when it comes to labor and inflation. This widening divergence likely means Canada will enter a recession and cut rates before the US, where its […] The post Canada To Cut Interest Rates Before US As Labor Market Erodes: BMO appeared first on Better Dwelling ..read more
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This Week’s Top Stories: Canadian Real Estate Has Never Been Less Affordable & Low Rates Don’t Help
Better Dwelling Blog
by Better Dwelling
5d ago
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Buying A House In Canada Has Never Been Harder, Years To Correct: RBC Canada’s largest bank warns it’s never been more difficult to buy a home in the country. RBC warns a median household would need to spend up to 108% of […] The post This Week’s Top Stories: Canadian Real Estate Has Never Been Less Affordable & Low Rates Don’t Help appeared first on Better Dwelling ..read more
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Canada Added 58k Workers But Lost 2k Jobs Last Month
Better Dwelling Blog
by Daniel Wong
1w ago
The only growth more impressive than Canada’s population is its surging unemployment. Statistics Canada (Stat Can) data shows the economy stumbled in March. It was such a minor decline, it wouldn’t be worth noting if not for the population growth. The country only lost a couple thousand jobs, but managed to add tens of thousands […] The post Canada Added 58k Workers But Lost 2k Jobs Last Month appeared first on Better Dwelling ..read more
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Canada’s National Housing Agency Forecasts A 20% Jump For Home Prices
Better Dwelling Blog
by Daniel Wong
1w ago
Canada’s national housing agency is forecasting things are going to get worse in the next few years. The CMHC’s latest forecast expects a booming population and lower rates driving housing demand. As a result of the surging activity, existing home prices are expected to rise over the next couple of years. Despite soaring demand and […] The post Canada’s National Housing Agency Forecasts A 20% Jump For Home Prices appeared first on Better Dwelling ..read more
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Lower Rates Do Not Improve Housing Affordability: US Federal Reserve
Better Dwelling Blog
by Stephen Punwasi
1w ago
Think lower rates are the path to affordable housing? The US Federal Reserve (the Fed) believes you may have been grossly misinformed on that narrative. New research from the Dallas branch the Fed tackles the impact of interest rates on housing affordability. They warn the common belief that lower rates improve affordability is based on […] The post Lower Rates Do Not Improve Housing Affordability: US Federal Reserve appeared first on Better Dwelling ..read more
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Toronto Real Estate Prices Surge Despite Fewest Sales Since 2009
Better Dwelling Blog
by Kaitlin Last
1w ago
Last month provided more evidence that Canadian real estate markets are credit driven. Toronto Regional Real Estate Board (TRREB) data shows home prices made a massive jump in March. Was it fewer listings and strong sales that drove a typical home’s price almost $20k higher in a single month? Nope, it was just good old […] The post Toronto Real Estate Prices Surge Despite Fewest Sales Since 2009 appeared first on Better Dwelling ..read more
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