The pandemic was supposed to cool #Canada’s hot #housingmarket. Instead, it’s hotter than ever... Over the past two decades, prices have nearly quadrupled, increasing at an annual rate of 6.7 per cent.
#realestatenews #realestatemarket #toronto #torontorealestate
https://www.theglobeandmail.com/opinion/editorials/article-the-pandemic-was-supposed-to-cool-canadas-hot-housing-market-instead/
#realestatenews #realestatemarket #toronto #torontorealestate
https://www.theglobeandmail.com/opinion/editorials/article-the-pandemic-was-supposed-to-cool-canadas-hot-housing-market-instead/
The Globe and Mail
Globe editorial: The pandemic was supposed to cool Canada’s hot housing market. Instead, it’s hotter than ever
The investment bank UBS last fall listed Toronto among one of several global cities whose out-of-whack housing prices put it in the ‘bubble risk’ category. Vancouver was not far behind
change in average price of residential property across Canada.
#housingmarket #realestate #torontorealestate #realestatenews
#housingmarket #realestate #torontorealestate #realestatenews
#Inflation in #Canada falls to 7.6%.
Canada's inflation rate fell to 7.6 per cent in July, according to a report Tuesday from Statistics Canada, marking the first time in 12 months that the rate has decreased from the previous month.
In June, inflation hit a 39-year high of 8.1 per cent, with gasoline prices the single biggest contributor to the overall rate increase.
By contrast, gasoline prices declined on a monthly basis in July, according to the agency's Consumer Price Index. Consumers paid 9.2 per cent less for gasoline in July than they did in June, a monthly decline not seen since April 2020.
#mortgage #realestate #torontorealestate #realestatenews
https://www.cbc.ca/news/business/inflation-rate-july-1.6552298
Canada's inflation rate fell to 7.6 per cent in July, according to a report Tuesday from Statistics Canada, marking the first time in 12 months that the rate has decreased from the previous month.
In June, inflation hit a 39-year high of 8.1 per cent, with gasoline prices the single biggest contributor to the overall rate increase.
By contrast, gasoline prices declined on a monthly basis in July, according to the agency's Consumer Price Index. Consumers paid 9.2 per cent less for gasoline in July than they did in June, a monthly decline not seen since April 2020.
#mortgage #realestate #torontorealestate #realestatenews
https://www.cbc.ca/news/business/inflation-rate-july-1.6552298
CBC
Inflation in Canada falls to 7.6% in first slowdown since June 2021 | CBC News
Canada's inflation rate fell to 7.6 per cent in July, according to a report Tuesday from Statistics Canada, marking the first time in 12 months that the rate has decreased from the previous month.
The World’s Hottest Housing Markets Are Facing a Painful Reset
#housingmarket #realestatenews #realestatemarketupdate #torontorealestate https://www.bloomberg.com/news/articles/2022-09-11/world-s-hottest-housing-markets-are-down-all-over-as-interest-rates-hike
#housingmarket #realestatenews #realestatemarketupdate #torontorealestate https://www.bloomberg.com/news/articles/2022-09-11/world-s-hottest-housing-markets-are-down-all-over-as-interest-rates-hike
Bloomberg
The World’s Hottest Housing Markets Are Facing a Painful Reset
The slowdown is a stark turnaround from a boom fueled by central banks’ easy-money policies in the years after the financial crisis.
Application approvals can stretch for years, and development fees have risen up to 36 per cent in some municipalities.
#realestate #torontorealestate #realestatenews #toronto
https://www.thestar.com/news/gta/2022/09/27/municipalities-keep-developers-waiting-longer-paying-more-to-build-housing-says-study-for-gta-homebuilders.html
#realestate #torontorealestate #realestatenews #toronto
https://www.thestar.com/news/gta/2022/09/27/municipalities-keep-developers-waiting-longer-paying-more-to-build-housing-says-study-for-gta-homebuilders.html
thestar.com
Municipalities keep developers waiting longer, paying more to build housing, says study for GTA homebuilders
Application approvals can stretch for years, and development fees have risen up to 36 per cent in some municipalities, according to the latest benchmarking report.
Luxury home sales are up 50% outside of Toronto, as buyers migrate to more affordable regions
Luxury home sales have sprung to life in the first two months of the year as more than two-thirds of Canadian markets recorded double digit growth, including the GTA with a 14 per cent increase year-over-year.
#reesestate #torontorealestate #toronto
https://www.thestar.com/real-estate/luxury-home-sales-surge-by-up-to-50-as-buyers-migrate-away-from-high-priced/article_a1ea4e62-ed1c-11ee-8f5b-672aeef827e3.html
Luxury home sales have sprung to life in the first two months of the year as more than two-thirds of Canadian markets recorded double digit growth, including the GTA with a 14 per cent increase year-over-year.
#reesestate #torontorealestate #toronto
https://www.thestar.com/real-estate/luxury-home-sales-surge-by-up-to-50-as-buyers-migrate-away-from-high-priced/article_a1ea4e62-ed1c-11ee-8f5b-672aeef827e3.html
Toronto Star
Luxury home sales surge by up to 50% as buyers migrate away from high-priced Ontario market
Mid-sized cities are seeing a bigger jump in luxury sales compared to large urban centres as affordability erodes in Ontario and B.C. especially, Re/Max says.
For months, the market has been pricing in aggressive rate cuts. However, new geopolitical tensions (specifically the conflict involving Iran) have sent oil prices surging back toward the $100 mark.
The Energy Spike: Higher gas and shipping prices bleed into everything—groceries, construction materials, and services.
Unlike the U.S. Fed, the Bank of Canada is laser-focused on inflation. If headline CPI spikes toward 3% again, the "pivot" we’ve all been waiting for will be delayed.
If they cut too early to save a stalling economy, they risk a 1970s-style "stagflation" scenario.
1. The "Soggy" Spring Market: We are seeing a K-shaped recovery. While high-end buyers with equity are still moving, the middle class is feeling the squeeze of higher cost-of-living and debt loads. Expect inventory to sit longer as "wait-and-see" remains the dominant strategy.
2. Mortgage Renewals are the Real Test: The "wall" of 2020-2022 renewals is hitting hard. Those who locked in at 2% are now facing 5-6% realities. This is cooling the secondary market and putting pressure on over-leveraged investors.
3. Fixed vs. Variable Strategy: With bond yields rising due to global instability, fixed rates are already creeping up. If you’re looking to buy or renew, the window for "lower" fixed rates might be closing. The "variable" gamble—waiting for BoC cuts—is looking riskier by the day.
We are in a "Higher for Longer" environment 2.0. The volatility in the Middle East has effectively reset the clock on the Bank of Canada’s easing cycle.
Don’t wait for a 2% world that isn’t coming back this year. Focus on the product and long-term value, not just the rate.
Pricing strategy is more critical now than it was in 2024. You cannot price based on "future" rate cuts that are now being pushed to late 2026 or 2027.
What’s your move? Are you locking in a fixed rate now, or betting that the BoC will be forced to cut to prevent a recession? Let’s discuss in the comments. 👇 read more
https://financialpost.com/news/bank-of-canada-risk-blowing-inflation
#TorontoRealEstate #BankOfCanada #Inflation #MortgageRates #TorontoHousing #Economy2026 #RealEstateInvesting
The Energy Spike: Higher gas and shipping prices bleed into everything—groceries, construction materials, and services.
Unlike the U.S. Fed, the Bank of Canada is laser-focused on inflation. If headline CPI spikes toward 3% again, the "pivot" we’ve all been waiting for will be delayed.
If they cut too early to save a stalling economy, they risk a 1970s-style "stagflation" scenario.
1. The "Soggy" Spring Market: We are seeing a K-shaped recovery. While high-end buyers with equity are still moving, the middle class is feeling the squeeze of higher cost-of-living and debt loads. Expect inventory to sit longer as "wait-and-see" remains the dominant strategy.
2. Mortgage Renewals are the Real Test: The "wall" of 2020-2022 renewals is hitting hard. Those who locked in at 2% are now facing 5-6% realities. This is cooling the secondary market and putting pressure on over-leveraged investors.
3. Fixed vs. Variable Strategy: With bond yields rising due to global instability, fixed rates are already creeping up. If you’re looking to buy or renew, the window for "lower" fixed rates might be closing. The "variable" gamble—waiting for BoC cuts—is looking riskier by the day.
We are in a "Higher for Longer" environment 2.0. The volatility in the Middle East has effectively reset the clock on the Bank of Canada’s easing cycle.
Don’t wait for a 2% world that isn’t coming back this year. Focus on the product and long-term value, not just the rate.
Pricing strategy is more critical now than it was in 2024. You cannot price based on "future" rate cuts that are now being pushed to late 2026 or 2027.
What’s your move? Are you locking in a fixed rate now, or betting that the BoC will be forced to cut to prevent a recession? Let’s discuss in the comments. 👇 read more
https://financialpost.com/news/bank-of-canada-risk-blowing-inflation
#TorontoRealEstate #BankOfCanada #Inflation #MortgageRates #TorontoHousing #Economy2026 #RealEstateInvesting
Financial Post
Posthaste: Is the Bank of Canada at risk of letting inflation get the upper hand again?
Scotiabank economist recommends an 'insurance' interest rate hike if high energy prices persist