Better Dwelling Blog
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Better Dwelling is Canada's largest independent housing news outlet, a distinction we've acquired in a very short time. We provide a balanced, data-driven perspective to help millennials understand complex issues surrounding housing - a topic that impacts all of us. Although we're fairly young, our readership has grown quickly, proving that there's a need for data-driven..
Better Dwelling Blog
22h ago
Canada has historically had a reputation as a safehaven to global investors, but those days are suddenly gone. Statistics Canada (Stat Can) released its securities trade for February. The data revealed global capital continues to flee the country’s capital markets at a record pace. Even worse, domestic investors are now joining them. Canadian Investors Flee […]
The post Canada Sees Domestic & Foreign Investors Pull Out At A Record Pace appeared first on Better Dwelling ..read more
Better Dwelling Blog
2d ago
Canada just announced billions in new measures to correct the housing issues it created. Last night the Government of Canada (GoC) released its latest budget, including billions in spending on new housing stimulus. BMO provided a list of the recent changes, noting they’ll have a limited impact, given most of the measures are demand stimulus. […]
The post Canada’s New Housing Plan Won’t Help, But Slowing Immigration Will: BMO appeared first on Better Dwelling ..read more
Better Dwelling Blog
3d ago
Canada just lost some progress on the war against inflation. Statistics Canada (Stat Can) released the Consumer Price Index (CPI) showing a mild acceleration for inflation in March. While minor, the move was broad based, primarily being driven by energy and shelter costs. Canadian Headline Inflation Saw Broad Based Acceleration Canadian inflation is heading in […]
The post Canadian Inflation Heads In The Wrong Direction, Broad Based Growth appeared first on Better Dwelling ..read more
Better Dwelling Blog
4d ago
Canada dropped some new real estate demand stimulus, in the name of improved affordability. Last week, the Government of Canada (GoC) announced they’ll be extending amortizations for first-time buyers in certain circumstances. There are concerns this will pour gas on the speculative fire that was finally starting to fizzle out. BMO disagrees with that take, […]
The post New Canadian Mortgage Rules To Have Little Impact On Housing: BMO appeared first on Better Dwelling ..read more
Better Dwelling Blog
5d ago
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Slipped, Inventory “Jumps” In April Canadian real estate didn’t move much last month, but the data still hints at an interesting Spring. The price of a typical home slipped 0.3% lower in March. The month also showed a […]
The post This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates appeared first on Better Dwelling ..read more
Better Dwelling Blog
1w 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
Better Dwelling Blog
1w 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
Better Dwelling Blog
1w 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
Better Dwelling Blog
1w 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
Better Dwelling Blog
1w 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