The Weekly 411: Today, we're covering π Canada's Rent Growth Stagnates to 3-Year Low π Canada's Unemployment Hits 7-Year High π’ Federal Workers Called Back to Offices π 27 Ontario Developers Went Under Water in 2024 ποΈ Vancouver Housing Market Cools π€ WTF of The Week Read Time: 4 minutes π Canadian Rent Growth Slows to 3-Year Low Rent growth has declined since May, when it reached a record high of 9.3%. Five of Canada's six largest markets saw rents fall in August, with Edmonton being the...
about 1 month agoΒ β’Β 3 min read
The Weekly 411: Today we're covering π Toronto Realtor Memberships Rates are Declining π Student Housing Demands Drop Across Canada π Ontario Property Assessments Frozen Since 2016 π° 5 Real Estate Projects That Are DEEP Underwater π€ WTF of The Week Read Time: 4 minutes π Toronto Realtor Memberships Sees First Decline Since 2016 TRREB membership declined by 1,363 year-over-year in July 2024, the first yearly decrease since 2016. Realtors face reduced profitability. Over 80% conduct fewer than...
about 1 month agoΒ β’Β 4 min read
The Weekly 411: Today we're covering π Toronto New Home Sales Plummet to Record Low π§ Alberta Sees 54% Surge in New Home Construction πΈ BMO Expects $906 Million in Losses from Mortgages π No More Canadian Work Permits for Visitors π Canada Launches Public Land Bank π€ WTF of The Week Read Time: 4 minutes π Toronto New Home Sales Plummet to Record Low New home sales in the Toronto area hit a record low for July, down 70% below the 10-year average. There are now 15 months of inventory on the...
about 2 months agoΒ β’Β 2 min read
The Weekly 411: Today we're covering π Housing Affordability Improves Across Canada ππΌ Canadians Outpacing Americans in Mortgage Payments π½ Top U.S. Destinations for Canadian Real Estate Investors π Winnipeg Experiences Strong Population Growth π² Ontario Cottage Prices Are Dipping π€ WTF of The Week Read Time: 4 minutes π Housing Affordability Improves Across Canada Housing became more affordable across Canada in July, following the Bank of Canada's interest rate cuts from 5% to 4.5% in June...
about 2 months agoΒ β’Β 2 min read
The Weekly 411: Today we're covering πΈ Calgary Tops Canada's 2024 Luxury Home Sales ποΈ Canada Needs to Build 4.2 Million Homes by 2035 π Toronto Condo Inventory Soars as Buyers Retreat π£ Canadian Real Estate Bankruptcies Hit Record Highs π Canadian Mortgage Delinquencies on The Rise π€ WTF of The Week Read Time: 4 minutes πΈ Calgary Tops Canada's 2024 Luxury Home Sales Sales of homes $1 million or more increased by 46% year-over-year from January to June. Most luxury sales (91%) in Calgary are...
2 months agoΒ β’Β 2 min read
The Weekly 411: Today we're covering π GTA Home Prices Decline Nearly 5% in July π€ 82% of Toronto's Homes Are Selling at a Discount π° US Company Invests $2B In Canadian Housing Projects ποΈ Rental Housing Construction Surges in Canada π Top 5 Canadian Cities w/ Biggest Home Price Drops π€ WTF of The Week Read Time: 4 minutes π GTA Home Prices Decline Nearly 5% in July GTA home sales in July 2024 rose by 3.3% compared to July 2023. New listings increased by 18.5% year-over-year, providing more...
2 months agoΒ β’Β 2 min read
The Weekly 411: Today we're covering π° GTA Condo Market Faces Cash Flow Crisis π½Canada-U.S. Migration Hits 10-Year High π 100,00 Canadian Homes Tied Up in Short-Term Rentals π Toronto Sees Rent Decrease πΈ Developers Struggle to Lower Prices π€ WTF of The Week Read Time: 4 minutes π GTA Condo Market Faces Cash Flow Crisis In 2023, 58% of newly completed condos used as rentals had a mortgage and were cash-flow-negative This trend worsened in the first half of 2024, with 81% of leveraged...
3 months agoΒ β’Β 2 min read
The Weekly 411: Today we're covering π Canada's Commercial Real Estate Rebounds π Canadian Cities Moving into Buyer's Markets π Mortgage Defaults on the Rise π² Cottage Market Struggles to Recover in Ontario πΈ Calgary's Luxury Real Estate Booms as Economy Grows π€ WTF of The Week Read Time: 4 minutes π Canada's Commercial Real Estate Rebounds Canadian commercial real estate market rebounded in Q2 2024, with transactions surpassing $12 billion, beating the 10-year quarterly average by $2...
3 months agoΒ β’Β 2 min read
The Weekly 411: Today we're covering π We're Expecting an Interest Rate Cut on July 24th π Canadian Homeowners Rush to Sell as Mortgages Renews ποΈ New Home Construction Drops in Canada π·π½βοΈ Labor Shortages Threaten Canada's Housing Supply π Newcomers Pay Up to 12 Months' Rent to Secure Housing π€ WTF of The Week Read Time: 4 minutes π We're Expecting a Rate Cut on July 24th Markets have increased bets on a Bank of Canada interest rate cut on July 24, suggesting a 92% chance of a 0.25% rate...
3 months agoΒ β’Β 2 min read