The recent report by Statistics Canada says the ratio of national mortgage debt to GDP was already above 80%. In Q2, the volume of mortgage debt was equivalent to 84.28% of GDP. Meanwhile, it was 69.13% a year earlier, and 59.02% – ten years ago. “In...

Last month, a strong demand for detached houses has led to one more month of double-digit home sales growth and record prices in Canada’s largest real estate market. According to the Toronto Regional Real Estate Board (TRREB), the overall number of properties sold across...

As you’ve probably noticed, Canada’s real estate market has been defying gravity recently, and there are signs of a future consequence. However, while some expect a double-digit decrease soon, Capital Economics (ironically, this is the same company that has been predicting prices to drop...

The recent report says the pandemic will hurt Prairie real estate prices most of all in the country. However, even Toronto and Vancouver will face prices declines amid growing rental market vacancies and lower immigration rates. According to Moody’s Analytics and RPS Real Property...

A wave of Toronto residents saying goodbye to their downtown condos and looking for larger spaces and more affordable properties, are leading to a domino effect in Southern Ontario, even as far as Fort Erie. When the pandemic started, working from home became the...