Tag #Canadian Real Estate

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theglobeandmail.com

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Jul 22, 16:15

Diverging Trends in Canada's Regional Housing Markets

Canada's housing market shows contrasting trends in June: Hamilton prices dropped 4 percent year-over-year, Edmonton saw a 9 percent increase, and Quebec City rose 13 percent, highlighting regional variations driven by factors like trade uncertainty and affordability.

Diverging Trends in Canada's Regional Housing Markets

Canada's housing market shows contrasting trends in June: Hamilton prices dropped 4 percent year-over-year, Edmonton saw a 9 percent increase, and Quebec City rose 13 percent, highlighting regional variations driven by factors like trade uncertainty and affordability.

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How do trade uncertainties and government policies impact the housing markets in different Canadian cities, and what are the longer-term consequences?

Hamilton's decline is attributed to trade uncertainties impacting its steel-based economy, resulting in increased listings and decreased sales. Conversely, Edmonton and Quebec City's growth is fueled by affordability relative to other Canadian markets and positive sentiments around job creation in the energy and other sectors. These divergent trends highlight the uneven impact of national economic factors on regional housing markets.

theglobeandmail.com

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Jul 16, 16:16

Upbeat REIT Forecast Amidst Lingering Housing Market Correction

Desjardins raised its 2025 Canadian REIT total return forecast to 15–20%, citing improved economic outlook and increased M&A activity; BMO notes that the Canadian housing market correction, now in its fourth year with prices down almost 18%, resembles previous downturns; Scotiabank highlights record...

Upbeat REIT Forecast Amidst Lingering Housing Market Correction

Desjardins raised its 2025 Canadian REIT total return forecast to 15–20%, citing improved economic outlook and increased M&A activity; BMO notes that the Canadian housing market correction, now in its fourth year with prices down almost 18%, resembles previous downturns; Scotiabank highlights record...

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How does the ongoing correction in the Canadian housing market compare to previous downturns, and what are the potential long-term consequences?

The upward revision in the Canadian REIT sector's return forecast reflects a more optimistic economic outlook and a surge in merger and acquisition activity, boosting valuations. This contrasts with the ongoing correction in the Canadian housing market, which is now in its fourth year, with prices down almost 18% nationally.

theglobeandmail.com

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Jun 4, 22:13

Canadian Homebuyers Face Down Payment Dilemma Amidst Trade War Uncertainty

A Canadian couple considering an $850,000 home faces a down payment dilemma: a minimum $60,000 payment yields higher monthly costs ($4,317.33) and interest ($152,550.08), while a 20% down payment ($170,000) lowers these to $3,684.64 and $135,999.30 respectively, but impacts savings; a longer amortiz...

Canadian Homebuyers Face Down Payment Dilemma Amidst Trade War Uncertainty

A Canadian couple considering an $850,000 home faces a down payment dilemma: a minimum $60,000 payment yields higher monthly costs ($4,317.33) and interest ($152,550.08), while a 20% down payment ($170,000) lowers these to $3,684.64 and $135,999.30 respectively, but impacts savings; a longer amortiz...

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How does the choice between a 25-year and 30-year amortization affect the total cost of a mortgage, and what are the trade-offs involved?

The choice between minimum and 20% down payments involves a trade-off between immediate costs and long-term savings. A lower down payment secures a slightly better mortgage rate (3.99% vs. 4.29%), offset by mortgage default insurance. However, maintaining financial reserves for emergencies and investments is crucial, especially during economic uncertainty like a trade war.

theglobeandmail.com

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Apr 16, 16:15

Canadian Housing Slump, Renewable Energy Stock Opportunities

Canadian home prices fell 2.1% year-over-year in April, with Toronto condos down 4.5%, defying rate cuts amid a trade war; concurrently, renewable power stocks offer attractive dividend yields (5.1% average) despite near-trough valuations, while gold and copper miners present portfolio diversificati...

Canadian Housing Slump, Renewable Energy Stock Opportunities

Canadian home prices fell 2.1% year-over-year in April, with Toronto condos down 4.5%, defying rate cuts amid a trade war; concurrently, renewable power stocks offer attractive dividend yields (5.1% average) despite near-trough valuations, while gold and copper miners present portfolio diversificati...

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What is the extent of the current decline in Canadian home prices, and what are the primary contributing factors?

Canadian home prices experienced a 2.1% year-over-year decline, with a sharper 11.9% annualized drop in March alone. This downturn is most pronounced in Ontario, particularly Toronto's condo market (-4.5% y/y), impacting buyer confidence and defying rate cut effects.

theglobeandmail.com

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Jan 24, 04:08

California Wildfires to Hike Canadian Home Insurance Premiums

The California wildfires are expected to increase Canadian home insurance premiums due to rising reinsurance costs for insurance providers, impacting consumers particularly in British Columbia, Alberta, and Quebec.

California Wildfires to Hike Canadian Home Insurance Premiums

The California wildfires are expected to increase Canadian home insurance premiums due to rising reinsurance costs for insurance providers, impacting consumers particularly in British Columbia, Alberta, and Quebec.

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How will the California wildfires directly affect home insurance costs for Canadian consumers?

California wildfires will increase Canadian home insurance premiums due to rising reinsurance costs. This is because insurance companies use reinsurance to protect against catastrophic events, and these events are becoming more frequent. Canadian consumers, particularly in fire- and flood-prone provinces, may face higher premiums.

theglobeandmail.com

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Dec 17, 16:14

Canadian Housing Market Shifts to Seller's Market

Canada's housing market is transitioning from a buyer's to a seller's market, with the sales-to-new listings ratio reaching 59.2 in November; however, Toronto's condo market remains an exception due to oversupply.

Canadian Housing Market Shifts to Seller's Market

Canada's housing market is transitioning from a buyer's to a seller's market, with the sales-to-new listings ratio reaching 59.2 in November; however, Toronto's condo market remains an exception due to oversupply.

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What is the current state of the Canadian housing market, and what are the immediate implications for homebuyers and sellers?

Canadian housing markets are shifting from a buyer's to a seller's market, with the sales-to-new listings ratio reaching 59.2 in November. This tightening is widespread, impacting most major cities except for Toronto's condo market which remains saturated. The Prairies and Atlantic Canada show the strongest seller's markets.

theglobeandmail.com

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Jul 18, 16:17

Toronto Condo Sales Plummet to 30-Year Low

Toronto and Hamilton's preconstruction condo market experienced a record low of 502 sales in Q2 2024, a 10 percent drop from Q1, forcing developers to delay or cancel projects due to low buyer demand; similar challenges are seen in Metro Vancouver, highlighting a depressed Canadian housing market.

Toronto Condo Sales Plummet to 30-Year Low

Toronto and Hamilton's preconstruction condo market experienced a record low of 502 sales in Q2 2024, a 10 percent drop from Q1, forcing developers to delay or cancel projects due to low buyer demand; similar challenges are seen in Metro Vancouver, highlighting a depressed Canadian housing market.

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What are the potential long-term implications of the current downturn in the preconstruction condo market for developers, homebuyers, and the overall Canadian housing landscape?

The current market conditions suggest a potential shift in the Canadian housing market, with the preconstruction sector bearing the brunt of reduced demand. This could lead to further project cancellations and delays, impacting developers' finances and potentially influencing future construction strategies. The long-term implications for homebuyers remain uncertain, although the current market favors those purchasing resale homes.

theglobeandmail.com

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Jul 16, 19:15

Gold Outperforms Canadian Real Estate and Stocks Since 2001

Since January 2001, gold has been Canada's top-performing asset, outpacing real estate and stocks, with a 10.3% CAGR, despite many Canadians viewing real estate as the most reliable investment; this is due to a disconnect between the Consumer Price Index and asset prices, with asset prices closely t...

Gold Outperforms Canadian Real Estate and Stocks Since 2001

Since January 2001, gold has been Canada's top-performing asset, outpacing real estate and stocks, with a 10.3% CAGR, despite many Canadians viewing real estate as the most reliable investment; this is due to a disconnect between the Consumer Price Index and asset prices, with asset prices closely t...

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What asset class has yielded the highest return in Canada since 2001, and how does this compare to the commonly held belief about real estate investment?

Since 2001, gold has outperformed Canadian real estate and stocks, achieving a 10.3% CAGR compared to real estate's 6-8.6% and stock market's 7-8%. This contradicts the common perception of real estate as the most reliable investment in Canada. However, real estate's leverage through mortgages can significantly impact returns.

theglobeandmail.com

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Apr 30, 19:20

Ontario Homeowners Face $45,000 Median Loss in 2024 Market Correction

Three years after the COVID-19 real estate boom, 25 percent of Ontario homes bought in 2022 and sold in 2024 experienced value losses, with a median loss of $45,000, highlighting a significant market correction and growing wealth disparity. Areas outside the Greater Toronto Area saw the most signifi...

Ontario Homeowners Face $45,000 Median Loss in 2024 Market Correction

Three years after the COVID-19 real estate boom, 25 percent of Ontario homes bought in 2022 and sold in 2024 experienced value losses, with a median loss of $45,000, highlighting a significant market correction and growing wealth disparity. Areas outside the Greater Toronto Area saw the most signifi...

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How did the percentage of loss-making property sales change from 2022 to 2024, and what factors contributed to this change?

The surge in properties sold at a loss began in 2022 (9.5%) and accelerated in 2023 (17.5%), impacting even those purchased in 2021 (13% loss in 2024). This reflects the rapid price increase and subsequent downturn in the housing market, disproportionately affecting those who bought at the peak. Areas outside the Greater Toronto Area (GTA), such as Dufferin County, experienced a higher percentage of losses than the provincial average.

theglobeandmail.com

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Mar 21, 16:11

Canadian Rents Drop 4.8 Percent Amid Rising Vacancy Rates

Canadian average asking rents fell 4.8 percent to $2,088 in May, the fifth straight monthly decline, due to rising vacancy rates, potentially impacting new rental construction, especially luxury units, and causing financial strain for some landlords.

Canadian Rents Drop 4.8 Percent Amid Rising Vacancy Rates

Canadian average asking rents fell 4.8 percent to $2,088 in May, the fifth straight monthly decline, due to rising vacancy rates, potentially impacting new rental construction, especially luxury units, and causing financial strain for some landlords.

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How does the decline in asking rents affect different stakeholders in the rental market (e.g., current tenants, prospective tenants, developers)?

The decline in rental prices is linked to rising vacancy rates, suggesting a shift in market dynamics. This cooling market may discourage developers from building new luxury rental units due to the potential for insufficient returns. The situation highlights a potential disconnect between construction costs and the current rental market's affordability.",

theglobeandmail.com

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Dec 18, 01:09

Slower Rent Increases in Canada Amidst New Housing Supply

Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.

Slower Rent Increases in Canada Amidst New Housing Supply

Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.

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What is the primary factor contributing to the slowdown in Canada's apartment rent increases in 2024?

Canada's average two-bedroom apartment rent rose 5.4 percent in 2024, slower than the 8 percent increase in 2023. This slowdown is attributed to a surge in new rental units, particularly purpose-built rentals, exceeding historical levels in major cities. However, lower-income renters continue to face financial strain, with national rental arrears at 7.9 percent.

theglobeandmail.com

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Dec 17, 16:14

Canadian Commercial Real Estate Poised for 2025 Rebound

Canada's commercial real estate market is expected to rebound in 2025, driven by falling interest rates and increased investor confidence, despite challenges from evolving work patterns, AI, and sustainability concerns.

Canadian Commercial Real Estate Poised for 2025 Rebound

Canada's commercial real estate market is expected to rebound in 2025, driven by falling interest rates and increased investor confidence, despite challenges from evolving work patterns, AI, and sustainability concerns.

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What are the key factors driving the projected rebound in the Canadian commercial real estate market in 2025?

The Canadian commercial real estate market is poised for a rebound in 2025, with increased transactions and companies expanding office space. However, challenges remain due to evolving work patterns, AI advancements, sustainability concerns, and US policy uncertainty.

Showing 1 to 12 of 12 results