Better Dwelling - Canada’s Fastest Growing Real Estate News Source
WEB6 days ago — Toronto Real Estate Is Collapsing Much Faster Than Most Realize. September 19, 2024. Canada’s largest real estate market is turning into a headache for the country’s largest bank. Yesterday we mentioned RBC’s Greater Toronto Area (GTA) mortgage portfolio has seen serious mortgage delinquencies (90+ days) soar in Q3 2024.
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WEBDouglas Todd: Vancouver still suffering fallout from ‘students’ buying mansions
Canadian Real Estate’s Worst Case Is A 30% Price Drop, Still Down …
WEBJun 6, 2022 — RBC’s downside scenario shows a big contraction similar to the 90s, and a long correction. A benchmark home would see prices make a 12-month drop of 30% by April 2023. Compound annual growth averages 4.2% the following 4 years. Over the 5 years ending in April 2027, prices would be 15.8% lower. In …
Top Stories Archives - Better Dwelling
WEBAug 25, 2024 — September 1, 2024. Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Government Spending Now 80% of GDP Growth Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations.
Tiffany Greene, Author at Better Dwelling
WEBMar 25, 2024 — May 26, 2023. Canadian first time home buyers are 36 years old on average. That means they won’t have that starter condo paid off by the time they retire, according to recent bank reports. Four of the Big Five banks reported a large share of their portfolio had amortizations longer than 30 years in Q2 2023. Most of […]
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WEBBetter Dwelling is Canada’s largest independent housing news outlet, a distinction we’ve acquired in a very short time. We provide a balanced, data-driven perspective to help millennials understand complex issues surrounding housing — a topic that impacts all of us. Although we’re fairly young, our readership has grown quickly, proving ...
Canadian Real Estate Markets See Supply Soar As Investors Exit: RBC
WEBAug 12, 2024 — Canadian real estate markets aren’t firming up with rate cuts—demand is softening. RBC is warning investors that early data shows rate cuts failed to stimulate major markets in July. In fact, they generally observed the opposite trend—sales continued to weaken while inventory climbed, as investors try to lighten their market exposure in key regions like […]
Canada Archives - Better Dwelling
WEBSeptember 10, 2024. The struggle is real, according to nearly a third of Canadian households. This morning Statistics Canada (Stat Can) released the 2022 Canadian Housing Survey, a bi-annual window into the cost of living across the country. The latest findings reveal that both renters and homeowners are increasingly struggling.
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The $5M Back Alley A Toronto Media Mogul Lived In, 7 Sherwood …
WEBToronto’s laneways are better known for the having stellar graffiti murals than prime real estate. That all changed when developer Joe Brennan purchased 7 Sherwood Lane – a former back-alley dry cleaning warehouse at Yonge and Eglinton – and converted it into this urban villa. It later became the low-key residence of Canadian billionaire and broadcasting mogul Allan Slaight until he put ...