GO Back Facebook Twitter LinkedIn Email Canada’s two largest real estate markets, Toronto and Vancouver, experienced a surge in home prices in April. Both cities saw home prices rise by 2.4%, with the benchmark price in Toronto reaching $1,145,700 and in Vancouver reaching $1,170,700. Although tighter inventory and rising sales may have contributed to the…
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Canadian Bank Earnings at Risk from Office Real Estate Exposure
GO Back Facebook Twitter LinkedIn Email Canadian banks are facing risk to their earnings due to their exposure to commercial real estate, particularly the office segment, according to Gabriel Dechaine, an analyst at National Bank Financial. While commercial real estate loans only represent around 10% of the lending portfolios of Canada’s six largest banks, they…
Extended Mortgage Amortizations: Fueling Canada’s Housing Bubble and Moral Hazard
GO Back Facebook Twitter LinkedIn Email Mortgage amortizations, which allow debtors to extend their repayment terms, have bolstered the thriving Canadian real estate market. Concerns have been expressed, however, regarding the possible consequences of this practice. Recently, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s bank regulator, acknowledged that removing the ability to…
Rising Mortgage Interest Costs and Rent Prices Drive First Increase in Annual Inflation
GO Back Facebook Twitter LinkedIn Email Since its apex in June 2022, Statistics Canada recently reported the first annual increase in inflation. The increase in inflation can be partially attributed to rising mortgage interest rates and rent costs. The past year has witnessed a rapid increase in mortgage interest rates, resulting in increased mortgage payments…
Best Selling Condos in Toronto
GO Back Facebook Twitter LinkedIn Email Centricity CondosStarting from: CAD $595,990 This is a new apartment development in the center of downtown Toronto, adjacent to Ryerson University and the Toronto Eaton Centre, one of Ontario’s major retail malls. Toronto’s Centricity Condos are a new high-rise condominium development by Graywood Development. This 53-story, 594-unit pre-construction building is…
Vancouver Real Estate Market Experienced Improved Homebuyer Confidence in April 2023
GO Back Facebook Twitter LinkedIn Email According to recent statistics published by the Real Estate Board of Greater Vancouver (REBGV), the Greater Vancouver region has seen an improvement in home sales, indicating a resurgence of homebuyer confidence. The region registered 2,721 residential home sales in April, an 8.4% increase from the 2,511 recorded in March.However,…
Should You Buy a Condo in Vancouver?
GO Back Facebook Twitter LinkedIn Email The decision to purchase a condominium is a significant financial commitment that requires cautious consideration, particularly in Vancouver’s competitive real estate market. Due to rising housing prices and a lack of available properties, many prospective purchasers are unsure whether it is a good time to invest in a city…
Strong Sales and Tightening Supply Propel GTA Housing Prices
GO Back Facebook Twitter LinkedIn Email The housing market in the Greater Toronto Area (GTA) is experiencing a clash between robust sales and a diminishing supply, resulting in an increase in property prices. In April 2023, the average price of a property in the Greater Toronto Area increased by 4% from the previous month to…
Why Should You Invest in Vancouver?
GO Back Facebook Twitter LinkedIn Email Real estate investment is an excellent way to increase one’s wealth, and choosing the right location is crucial. Vancouver is the most desirable city in Canada, and for good reason. This article will explore the factors that make Vancouver a premier investment destination. Strong Economy Vancouver’s economy is thriving,…
Bank of Canada Keeps Rates Steady with Potential for Future Hike
GO Back Facebook Twitter LinkedIn Email The Bank of Canada has left interest rates unchanged, but it is still uncertain how it will proceed with rate hikes given the current inflation rate. The announcement was made on Wednesday, with the bank stating that it is maintaining its key overnight rate at 4.5%. Governor Tiff Macklem…
