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November 8, 2024. Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth ...
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Douglas Todd: Vancouver still suffering fallout from ‘students’ buying mansions
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Better Dwelling is Canada’s largest independent housing news outlet, a distinction we’ve acquired in a very short time. We provide a balanced, data-driven perspective to help millennials understand complex issues surrounding housing — a topic that impacts all of us. Although we’re fairly young, our readership has grown quickly, proving ...
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6 days ago · November 7, 2024. The Canadian economy is slowing down but some provinces are doing better than others. Statistics Canada (Stat Can) released annual provincial real gross domestic product (GDP) for 2023 this morning. The data shows 9 in 10 provinces grew, with those in the West showing the highest growth.
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Toronto Real Estate Inventory Surges, Now Deeper Into Bear Market
Oct 4, 2024 · The build up of inventory helped pushed active listings up 35.5% to 25,261 units over the same period. Toronto inventory went from scarce to a glut as fast as raising rates killed profits for speculators. The surge of inventory has the market deep in bear country. The sales to new listings ratio (SNLR) fell to 28% last month.
Canadian Real Estate Flippers Are Still Near Record Levels
Sep 25, 2024 · Canadian Real Estate Flips Within 6-Months Just Off Record Share. Another surprising detail when it comes to flippers is they’re selling properties a lot faster than most think. The data shows 1.2% of homes were flipped within 6 months of purchase in Q2 2024, representing half of all flips.
This Week’s Top Stories: Canadian Real Estate Sees Inventory …
Aug 25, 2024 · Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Inventory Grew More Than 2x The Rate of Sales Canadian home sellers expected rate cuts to stimulate the market, but apparently no one told buyers. July saw annual growth of new listings grow at double the rate of sales. […]
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Young. Smart. Rich. Better Dwelling's advertisers are able to connect with a blend of curious millennials, and savvy high net-worth individuals searching for a balanced data-driven perspective on housing. Our readers are smart with their money, and are looking for intelligent ways to invest.
The World Has Millions of Vacant Homes, and 1.3 Million Are In …
Oct 22, 2021 · Canada Has Over 1.3 Million Vacant Homes, About 6 Years of Supply. Canada has one of the highest numbers of vacant homes in the world. The OECD’s latest data shows 1.34 million homes were vacant, or about 8.7% of the country’s 15.41 million homes in total. That works out to nearly 1 in 12 homes, or 6 years of housing supply at the average ...