Canadian Real Estate News Headlines (April 12th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Canadian Real Estate Prices Down 7% From Peak, But Still 52% Above G7 Peers
Canadian real estate prices are dropping, but they’re very far from their peers. US Federal Reserve Bank of Dallas (Dallas Fed) data shows real prices across the country are down in 2018 Q4. Even with the decline, prices are massively elevated compared to other G7 economies.
Canadian Household Debt Is Growing Much Faster Than Asset Values
Canadian households are accumulating debt faster than assets are appreciating. Statistics Canada(StatCan) data shows the debt-to-asset ratio increased very quickly in Q4 2018. The ratio is now growing at the fastest pace since the Great Recession, and is at the highest level since 2014.
Chinese Real-Estate Investors Wary of Vancouver Head to Toronto
Chinese investment in Vancouver commercial property from companies such as Anbang Insurance Group Co. has slumped amid a flood of regulations, with investors looking to Toronto instead.
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