Real Estate Markets

The inverted

If you’ve been waiting to invest in a GIC that pays 5%, sorry. Not gonna happen. Conversely, if you need a cheapo mortgage to justify your house lust, you’re in luck. It’s coming. After this week’s big reversal in tone by the US Fed, markets and investors decided to throw in the towel. Sev ...

Barbarians

Poor Jake. He sees barbarians at the gate. For him, they’re already in the White House and Queen’s Park. They’re grasping for the levers of power in Alberta and Ottawa, where yesterday Conservatives were on the attack. “The CPC actions yesterday (drowning out the finance minister in the ho ...

CREA Welcomes Focus on Housing in Budget 2019

Ottawa, ON, March 19, 2019 –  The Canadian Real Estate Association (CREA) welcomes the various measures in Budget 2019 that will help address housing affordability and provide meaningful support for Canadians.  REALTORS® have been advocating on behalf of millennials and others who aspire to h ...

The noble goal

If you’ve even remotely thought about ordering a yellow vest or voting NDP, please leave now. The following will make you crazy. Elizabeth is a 1%er. Unapologetically. She’s also homeless, so you can guess where she and her husband hang out. “We’ve saving for a few years hoping to buy a ho ...

Market Update. Investors buy the rumour of a US-China trade deal

Canadian, U.S., China and global markets continued their rally from late December into February. Why? Investors are optimistic that a trade deal between China and the U.S. will finally get signed — giving a bit more predictability to the global economy. But that’s not all. These are some of the ...

Tech Talk for Monday March 18th 2019

Pre-opening Comments for Monday March 18th U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Index futures responded partially to a 2.47% gain by the Shanghai Composite Index in overnight trade. WTI Crude Oil added $0.15 to $58.72 after OPEC ...

The howl

On Tuesday the finance minister will drop his budget. Looks like it’ll contain incentives to borrow and spend money on houses (and Teslas). The economy is slowing. Got it. But do we really need more debt in Canada? Some background. Got lots of it on Friday. What a mess we’ve created. First the ...

Canadian home sales drop sharply in February 2019

Ottawa, ON, March 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales dropped sharply from January to February 2019. Highlights: National home sales plummeted 9.1% month-over-month (m-o-m) in February. Actual (not seasonally adjusted) act ...

CREA Updates and Extends Resale Housing Market Forecast

Ottawa, ON, March 15, 2019 – 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 2019 and extended its outlook to include 2020. While the outlook for econ ...

Tech Talk for Friday March 15th 2019

Pre-opening Comments for Friday March 15th U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Oracle (ORCL $53.05) is expected to open lower after releasing lower than consensus fiscal fourth quarter earnings guidance. Broadcom (AVGO $268.2 ...