Real Estate Markets

Technology’s Role in Canada’s Evolving Mortgage Industry

COVID-19 has dramatically changed the course of many industries and threatened the physical, mental and financial wellness of millions of Canadians. In the housing sector, real estate sales volumes have dropped significantly and rapid increases in unemployment have added uncertainty to many transact ...

Latest in Mortgage News: 2.5 Years for Home Prices to Make New Highs, Says CMHC

Canada’s housing sector indicators, including prices, sales and home starts, aren’t expected to return to pre-COVID levels until at least the end of 2022, according to CMHC’s latest Spring Housing Outlook. “Following large declines in 2020, housing starts, sales and prices are expected to st ...

Latest in Mortgage News: 4 in 10 Buyers Open to Purchasing a Home “Virtually”

Social distancing restrictions in place for the past few months have transformed the way homes are bought and sold, with many showings now taking place “virtually.” And many homebuyers—42%, to be exact—are just fine with that, according to a recent survey by the Ontario Real Estate Associati ...

Tech Talk for Monday March 16th 2020

  The Bottom Line The “Black Swan event” continued last week. Equity markets around the world moved sharply lower. Spread of the coronavirus was a major factor. The VIX Index remained elevated at 58%. Look for more volatility this week. Early signs of a short term bottom appeared in U.S. equit ...

Just weird

Big news Sunday as the US Fed slashed its rate again. By a full 1%.  To zero. Plus it’s throwing $700 billion into the liquidity pot through bond purchases. Breathtaking. On Monday our Big Banks will lower their prime rates. Or not. Could take days. Despite the central bank’s panicked move on ...

MSB

The burning question is (of course) will people who hoard toilet paper buy houses? First, why in Dog’s name are folks storming supermarkets and Costcos, fighting over Cottonelle? How is that supposed to prepare you for a pandemic of snotty neighbours and wheezy co-workers? If you end up being qu ...

Shelter in place

Good jobs numbers last month couldn’t keep stocks aloft on Friday. Mr. Market is still trying to figure out how much damage that gnarly little germ will do to the economy. As equities swoon, money gushes into bonds. Safe stuff. For example, a boring bond ETF like XBB has gained about 6% this yea ...

Tech Talk for Thursday February 27th 2020

  StockTwits released yesterday @EquityClock Lowe’s $LOW, an S&P 100 stock moved below $116.09 and $113.10 after releasing lower than consensus first quarter guidance. Expedia $EXPE, a NASDAQ 100 stock moved below $106.28 forming an intermediate topping pattern. Imperial Oil $IMO.CA, a TSX 60 ...

Tech Talk for Monday February 24th 2020

Pre-opening Comments for Monday February 24th Equity Index futures were lower this morning. S&P 500 futures were down 85 points to 3,259.25. Index futures responded to concerns that the coronavirus has spread beyond China. Several sectors responded strongly to rising coronavirus concerns. Gold jum ...

Suckerville

Best estimates are that half of all new condo sales are to investors. Well, they may call themselves that, but in reality they’re cannon fodder for the real estate development business. Without them, prices would be lower, urban skylines not be pierced by cranes and reasonable companies would be ...