Ottawa, Ontario and Gatineau, Quebec are border cities. They exist on either sides of the Ottawa River. And yet, 2017 data from the Canada Mortgage and Housing Corporation revealed that there’s about a $450 per month rent spread on the average two-bedroom apartment in these… Read More
According to Bloomberg (using data from CMHC), 2017 was a surprising record year for housing starts in Canada: 219,675 units. This is the most since 2007 and is up from 197,916 units in 2016. The explanation: job growth (nearly 400,000 new jobs) and population growth… Read More
The chief economist at the Canada Mortgage and Housing Corporation (CMHC), Bob Dugan, recently published a piece in Macleans called: why the foreign buyers tax isn’t making Vancouver more affordable. Here’s an excerpt: One year after the implementation of the foreign buyers tax, monthly sales to… Read More
I’ve said many times before that the real estate market is an imperfect one. Participants lack access to a lot of valuable information and there’s a significant amount of friction between buyers and sellers. A perfect example of this can be found in this recent… Read More
