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Canadian Real Estate Sales Jump To 2016 Levels, But Industry Cautions Market

Who needs government stimulus? Canadian real estate sales are on the rise, in almost every major market. Canadian Real Estate Association (CREA) numbers show real estate sales are back to pre-cooling measures, as of September. The big spike in sales may have you thinking of a recovery. However, CREA’s chief number cruncher expressed some concerns. […]

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Canadian Reverse Mortgage Debt Rises Over 26%, As Seniors Raid Their Equity

Canadian seniors extracting home equity is slowing, but still growing at a high pace. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of reverse mortgages hit a new high in July. The 12-month rate of growth remains unchanged from a month before. However, the month before was still a very large […]

The post Canadian Reverse Mortgage Debt Rises Over 26%, As Seniors Raid Their Equity appeared first on Better Dwelling.

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Vancouver’s Luxury Housing Market Exempt From Recovery

While Vancouver has enjoyed a sizeable increase in sales activity recently, it doesn’t appear to be a fuelled by an increase in Chinese capital outflows as it had previously in 2015/16. Recent analysis from BCA Research, the worlds leading provider of global macro research since 1949, shows Chinese capital outflows remain muted. As we can […]

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This Week’s Top Stories: Canada’s Heavy Immigration Is Hiding Weak GDP Data, and Mortgage Debt Grows

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Heavy Immigration Is The Last Pillar Preventing A Recession Canada’s economy looks like it’s booming, but it’s not all that impressive when immigration is factored in. Real gross domestic product (GDP) per capita hit $55,480 in Q2 2019, up […]

The post This Week’s Top Stories: Canada’s Heavy Immigration Is Hiding Weak GDP Data, and Mortgage Debt Grows appeared first on Better Dwelling.

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Canada’s Job Market Improves, With 4 Out 5 Jobs Coming From Self-Employment

Canada’s job market is improving, largely due to Canadians making their own jobs. Statistics Canada (Stat Can) numbers show the unemployment rate fell in September. The vast majority of the jobs gained were from self employment. Real estate is still growing slightly faster than general employment across Canada. BC is a notable exception, where the […]

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Vancouver Real Estate Prices Won’t Stop Falling, But Sales Are Back To Normal

Greater Vancouver real estate sales have made a massive jump from last year, but it’s not nearly enough. Real Estate Board of Greater Vancouver (REBGV) numbers show sales climbed over 40% in September.  The massive increase in sales volume wasn’t enough to stop prices from falling. In the City of Vancouver, prices are back to […]

The post Vancouver Real Estate Prices Won’t Stop Falling, But Sales Are Back To Normal appeared first on Better Dwelling.

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Toronto Real Estate Sales Jump Double Digits, Just Under Typical Volumes Again

A big Swiss bank recently ranked Toronto real estate the second biggest bubble in the world, but the city can’t hear them. Toronto Real Estate Board (TREB) numbers show price growth accelerating in September. The increase in growth comes after sales and inventory  returned to typical volumes. Toronto Real Estate Prices Rise Over 5% The […]

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WeWork Threatens Vancouver Commercial Office Space

Following a remarkable first half of the year, in which WeWork recorded a loss of $690 million on $1.5 billion in revenue, the company initially considered cutting its valuation by more than 50%, before ultimately ousting its CEO and withdrawing its filing to go public. For a little context on WeWork, the real estate company […]

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Canada’s Heavy Immigration Is The Last Pillar Preventing A Recession

Canada’s booming population growth is the only thing separating the country from a recession. There’s been a lot of talk about Canada’s massive growth in gross domestic product (GDP). There’s also been a lot of talk about Canada’s population boom, driven largely by immigration. However, few people seem to be discussing what the combination of […]

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Canadian Household Debt Is Growing, But There’s An Unusual Divergence

Canadian household debt is seeing growth accelerate once again, and it’s entirely due to mortgages. Bank of Canada (BoC) numbers show the balance of household credit at institutional lenders reached a new record high in August. The growth was largely led by mortgage debt, which is beginning to accelerate. On the other hand, consumer credit […]

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