Canada’s once tight labor market, a key driver of wages and shelter costs, is loosening. Statistics Canada (Stat Can) data reveals job vacancies declined further in Q3 2023. The drop is a double-edged sword: roles being filled is good news, but job creation is failing to keep up with population growth. Canada is adding roughly […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian “Systemic Risk” Due To CLP Mortgages Is Bigger Than You Think OSFI, the country’s bank regulator, has mentioned combined loan plans (CLPs) are a systemic risk. Mainstream discussion of the issue was largely void though, as it was unclear how big […]
Another day, another newly built home is torched. Toronto Fire Services responded to a residential fire on Thursday morning around York Mills. The newly built, sprawling mansion, listed for sale at $14 million, was mostly lost by the time they could put the fire out. Toronto Police are now looking for four suspects caught on […]
Canadian real estate just put an end to any doubt the bubble still has a little life in it. Canadian Real Estate Association (CREA) data shows home prices fell further in November. Soft sales and rising inventory continue to apply downward pressure on values. Owners rushing to sell at an unusual time helped drive the […]
Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI) in Q3 2023. Higher rates are finally slowing down the pace at which it worsens, but it hasn’t been this bad […]
Canada’s problems with a little-known risky mortgage product are more significant than expected. OSFI, the country’s bank regulator, has targeted combined loan plans (CLPs) for the past few years. CLPs enable interest-only payments, allowing borrowers to carry mortgage debt perpetually. The regulator called these a “systemic risk” that inflates home prices, so it’s clearly a […]
North American interest rate hikes are now largely out of the picture, and rate cuts are the new story. That was the take from BMO after the Bank of Canada (BoC) announced a hold on the 6th, with the US Federal Reserve expected to do the same on the 13th. Now the question on everyone’s […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate 探寻幸运飞行艇开奖历史：168官方直播、结果记录计划及2024年号码查询 Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO Last week, the Bank of Canada (BoC) claimed the country has a long-standing housing supply issue. This ticked off a number of experts that have been following this […]
Canadians briefly thought the country’s central bank was owning up to, and correcting its mistakes. That pipedream had a bucket of cold water poured on it Thursday, as Bank of Canada (BoC) deputy governor Gravelle’s speech referred to a “long standing housing supply issue.” Adopting a popular but false political narrative didn’t sit right with […]
Canadian policymakers are trying to get ahead of data that shows its fading appeal to international students. Today the Government of Canada (GoC) announced new measures to restrict the number of permits. Starting next year, applicants will have to show twice as much cash reserved for their cost of living. The Minister of Immigration fell […]
