Real Estate

Negative Mortgage Rates Increasingly in Play

Get paid to have a mortgage!! I Spain anyone with a mortgage rate tied to 6-month or less European Euribor rate now gets paid to have a mortgage.


Vancouver Calgary Toronto SFD in US Dollars


The chart above shows the average price comparison of Vancouver, Toronto & Calgary Single Family Dwellings denominated in CAD and USD along with notations of significant changes in the spot price of WTI crude oil and the currency spread.

….for larger chart and more comment go HERE


The chart above shows the “real price” of Vancouver, Toronto & Calgary SFDs when looked at from the point of view of the BoC Canadian Commodity Index (CCI) and Borrowing Costs (retail 5yr Mortgage) which are the main input costs apart from operating expenses and tax. 

…for larger chart and more comment go HERE



CDN Oct Real Estate Prices & Plunge-O-Meter


The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag)…..

….for more commentary and a much larger chart go HERE

The Plunge-O-Meter below tracks the dollar and percentage losses from the peak and projects when prices might find support.




Sales plateauing in most markets

iStock Business-Discussion-talk-people 000008031023 SmallAs inventory levels drop in most markets, sales levels are beginning to level off, according to the latest data from the Conference Board of Canada, with the outliers remaining the red-hot markets of Toronto and Vancouver.

In its monthly Metro Resale Snapshot, the board reported only15 of the 28 areas reporting a monthly increase.

….read more HERE

Canadians selling US real estate

Unknown“The steady rise in property values since 2011 coupled with the downward swing in the Canadian dollar is the big reason why it’s a g”ood time to sell”

“Not only have the values gone up, but who knows how long the Canadian dollar is going to remain so low?”

….read the whole article HERE