20-30% of ALL Homes are Owned by Investors, JUST RELEASED STATS, 2023 Canadian Housing Market
“Wow! 20-25% of Canadian Residential Properties are owned by Investors, including over 40% of Condo Apartments in Ontario. Newly released first time study by statistics Canada reveals the data many knew was the truth.”
Prices fall more than 30% in certain Ontario markets
“Areas in GTA's suburbs that experienced skyrocketing home prices during the pandemic are now facing a real estate crash.”
Growth slows in Canada as rate hikes start to bite - Q4 2022 annualized growth down to 1.6%
The economy is "just managing to keep its head above water." The economy has not yet absorbed the impact of past rate hikes.
BC residents are moving away as life in the province becomes too expensive
Statistics Canada data is showing that people are moving away from BC. 55,000 people moved out of British Columbia (B.C.) to other provinces between 2021 and 2022.
Sales trending down in the Fraser Valley in January
It looks like sales in the Fraser Valley will be significantly lower this year compared to 2022’s sales. We will have to wait for the official sales data to see just how much lower we were in January 2023.
Canadian Homeowners 'Better Able' to 'Ride Out Storm': Remax
“Despite the headlines, the mortgage payments facing Canadians are no better then they were 10 years ago. In fact, they’re much worse, they are much higher, they’re much more burdensome.”