Canadian Bubble

Are You Caught in the “Average” Trap and Don’t Know It?

The old sentiment of “Your head may be in a freezer and your feet in an over, but on average you are fine” is obviously wrong. If it is so obvious in this context, why are so many people influenced by ‘Average’ prices, ‘Average’ rents and ‘Average’ economic growth?  To a strategic ...

Homebuyers’ demands clash with urban policy: Fortress report

A new report says the Ontario government is directing growth to locations and built forms that don’t align with demand in the marketplace, resulting in skewed housing values in the short run. The Fall 2017 Fortress Market Manuscript, which analyzes the Canadian residential housing market, was r ...

Morning Brief: PMJT to talk Indigenous affairs at UN

Today’s Morning Brief is brought to you by The Canadian Real Estate Association (CREA). Our membership includes more than 122,000 REALTORS® from across the country who will be on Parliament Hill from October 16-17 to advocate on behalf of homeowners and communities. ____________________ A good T ...

How You Label Yourself Will Determine Your Level of Success

Bull, Bear or Pragmatist?How You Label Yourself Will Determine Your Level of Success For 25 years, the Real Estate Investment Network, has been providing investors from across the globe with insights, tools and analysis on the North American real estate market. In my position as researcher, analyst ...

Shhhhhh

Steve’s a baby realtor. Hey, it’s hard enough living on commish in a market nobody actually understands. So why is the industry actually making it harder? “So Garth,” he says, sarcasm building, “thought you might like this little nugget of transparency from my local real estate board, TR ...

Cease & desist

In the recent past I received a letter from CREA, the mothership of realtors, informing me I could not use the word ‘realtor’ on this site. Expect legal action (leg irons, the rack, car battery on genitals), it intoned, unless I always said REALTOR®. Yup. Capital letters, little ® thingy. No ...

Canadian home sales edge up in August

Ottawa, ON, September 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017. Highlights: National home sales rose 1.3% from July to August. Actual (not seasonally adjusted) activity stood 9.9% belo ...

CREA Lowers National Resale Housing Market Forecast

Ottawa, ON, September 15, 2017 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2017 and 2018. Housing market trends continue to diverge considerably ...

Balanced

Mr. Market giveth. He taketh away. Yup, this is the taketh part. As forecast on this pathetic blog, three significant things have occurred. First, the nation’s largest (by far) housing market has officially slipped into bear territory with prices declining more than 20% across a region encompass ...

Echo boom?

So the summer ended with a bag. “Wow,” said a learned TD economist. Which about summed it up. Last this week we learned the economy’s more stimulated that Bandit following a bitch in heat (I’ve never had the heart to tell him he’s fixed). We’re actually leading the developed world – ...