“The presence of investors in real estate markets can amplify house price cycles,” the Bank of Canada said in a note accompanying the data. https://www.theglobeandmail.com/business/article-investors-account-for-30-per-cent-of-home-buying-in-canada-data-show/ #tore #toronto #cdnecon
'There is no province in Canada where workers can afford an apartment at minimum wage. The neighborhood-level data paints a dire picture of out-of-control rents.' https://monitormag.ca/reports/cant-afford-the-rent #cdnecon #canlab #tore #vanre #inflation
#Inflation #vanre #Tore #canlab #cdnecon
🤔 "An assessment of housing price valuations in Canada during the fourth quarter of 2021, carried out by Moody’s Analytics, found that Peterborough homes were overvalued by a jaw-dropping 107.8%. It just beat out St Catharines-Niagara for the title, with homes there said to be overvalued by 106.9%" https://storeys.com/peterborough-ontario-overvalued-housing-market/ #tore #cdnecon #inflation
Financial Consumer Agency of Canada publishes industry guideline to help protect Canadians with existing mortgages. https://www.canada.ca/en/financial-consumer-agency/news/2023/06/financial-consumer-agency-of-canada-publishes-industry-guideline-to-help-protect-canadians-with-existing-mortgages.html #inflation #cdnecon #tore #vanre
#vanre #Tore #cdnecon #Inflation
Canada immigration explained. https://omny.fm/shows/the-big-take/canadas-ambitious-immigration-experiment-explained (Randy Thanthong-Knight, Bloomberg) #demographics #cdnecon #canlab #tore #vanre
#vanre #Tore #canlab #cdnecon #demographics
Gap Between Canada’s Rich and Poor Is Widening at Record Pace https://bit.ly/46Aupv9 #inequality #cdnecon #tore #vanre #inflation
#Inflation #vanre #Tore #cdnecon #inequality
Neue TORE-Version ist online || Universitätsbibliothek https://www.tub.tuhh.de/blog/2023/06/30/neue-tore-version-ist-online/
#tuhh #repository #DSpace #DSpaceCris #4Science #fis #forschungsdaten #tore #OpenAccess #oa #hamburg #Bibliothek
#tuhh #repository #dspace #dspacecris #4science #fis #forschungsdaten #Tore #openaccess #oa #hamburg #bibliothek
Canada bank regulator says lenders should urgently tackle risks from mortgage extensions https://reut.rs/3NqQxjd #tore #vanre #cdnecon #inflation
#Inflation #cdnecon #vanre #Tore
'The only one who hedges their risk is the builder. The buyers are the ones who suffer.' https://www.theglobeandmail.com/real-estate/toronto/article-looking-for-blood-condos-nearing-completion-with-mortgage-appraisals/ #tore #toronto #vanre #cdnecon #inflation
#Inflation #cdnecon #vanre #toronto #Tore
'It won’t surprise you to hear that we are not wearing rose-coloured glasses.' https://www.theglobeandmail.com/business/article-banks-high-risk-mortgages-osfi/ #tore #vanre #cdnecon #inflation
#Inflation #cdnecon #vanre #Tore
The homeowner horror story: ‘My mortgage is up for renewal.’ https://bit.ly/3mq3TSX #tore #vanre #cdnecon #econ
Ed Keenan got jokes... https://www.thestar.com/opinion/star-columnists/2023/03/01/worried-about-how-to-afford-a-home-in-toronto-try-these-foolproof-life-hacks.html #tore #toronto #cdnecon #topoli #inflation
#Inflation #topoli #cdnecon #toronto #Tore
Policy makers and the public have started to pay closer attention to investors’ role in the price spiral as the country’s affordable housing problem increases. https://www.theglobeandmail.com/business/article-investors-own-big-chunk-of-ontarios-condo-market/ #tore #cdnecon #inflation #inequality
#inequality #Inflation #cdnecon #Tore
ICYMI: Investors own 42% of all condos in Ontario. Corporations account for 13% of investor-owned condos. (2020) https://www150.statcan.gc.ca/n1/pub/46-28-0001/2023001/article/00001-eng.htm #tore #cdnecon #inflation #onpoli #inequality
#inequality #onpoli #Inflation #cdnecon #Tore
More than one third of Toronto’s condos are owned by investors, new StatCan report finds https://www.thestar.com/business/2023/02/07/across-ontario-the-investor-is-taking-over-the-condo-market.html #tore #cdnecon #econ
Canadian Real Estate Prices To Fall Lower, Worst Case Is A Return To 2014 Values: Oxford Econ https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/ #tore #cdnecon
Some real estate markets in Southern Ontario are already crashing — with price drops of more than 30% https://www.thestar.com/real-estate/2023/01/31/some-real-estate-markets-in-southern-ontario-are-already-crashing-with-price-drops-of-more-than-30.html #tore #cdnecon
'In November, a Vancouver think tank that advocates for generational equity reported that it takes 27 years for an average young person to save 20 per cent for the down payment on a GTA home. It took baby boomers about six years' https://www.thestar.com/news/gta/2023/01/07/how-the-dream-of-the-single-family-starter-home-vanished.html #tore #tohistory #toronto #inflation
#Inflation #toronto #tohistory #Tore