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A tale of 2 countries , USA on the left , Canada right. macd rejection for Canada soon ??? Another couple years and another round of huge refinance hits ….Lower rates driving the Loonie lower and imports inflation . Weekly Loonie looks like the trap door will open on the fourth knock. How many more $ billions will get pissed to the wind in the next year ….
Kitchener’s A Better Tent City provides tiny homes with a big purpose
I’m not sure This is Bad for Canada
Building Permits are just what is needed…per Pierre Poilievre
If you have a housing Shortage you need more Houses…Supply meets demand
To me this is a sign of a Booming Economy HR
What am I missing ?
The demand is keeping prices elevated and shall continue with lower loonie and inflation, powers stronger than PP at work here. 4-5k /month mortgage payments are good ???? The tradesmen I talk to in my area say it is slowing and my big time foundation buddy in Calgary says the same. We cheer Copper to rise but cry when the electrician hands the bill….if the warmongers have their way the mortgage rates will rise with the risk also, garden sheds are the trend as the crack dealers/gov’t poison the population.
But The Loonie does look weak here
and those Tiny Homes …Yikes…at least they could give them a couple more inches of space between
The chill that has taken hold of the Toronto area’s usually red-hot real estate market is leaving a growing number of new homes to languish — with stubbornly high prices and heightened borrowing costs icing out prospective buyers, and new home sales down 71 per cent compared to last year.
A new report from Altus Group analysts and the Building Industry and Land Development Association — which represents builders and renovators across the GTA — counts 936 new homes sales across the Toronto region in May, comprised of 539 condominium units and 397 single-family homes.
For new condos, that represented a 75 per cent drop in sales compared to May 2023, in the most pronounced change in the data. Sales of new single-family homes, including detached homes, semis and non-stacked townhouses, were down 65 per cent year over year, the figures show.
https://www.thestar.com/real-estate/nothing-is-moving-gta-sales-of-newly-built-homes-plummet-in-may/article_7862834c-3313-11ef-9eeb-ab2554f1870d.html
GREAT info!