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Canada 6-City Housing & the Plunge-O-Meter

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Posted by Brian Ripley's Canadian Real Estate Charts

on Friday, 25 August 2017 09:30

chart-canada 8 orig Larger Image

The chart above shows the average detached housing prices for Vancouver*, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people each) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. ​On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag).



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Real Estate

Compare Toronto & Vancouver Housing

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Posted by Brian Ripley's Canadian Real Estate Charts

on Wednesday, 16 August 2017 06:42

Single Family Detached, Town House and Condo Prices and Total Residential Listings and Sales and the Absorption Rates as well as INSIDE AIRBNB below

chart-compare-vancouver-toronto 8 orig
The chart above shows the HPI® prices for Vancouver and average prices for Toronto (solid plot lines) as well as the Monthly Absorption Rate ​(MAR = Sales/Listings as dotted plot lines). 
​​
​At the old Vancouver price peak in April 2012 before Torontonians joined the party, Vancouver metro SFDs were 64% more expensive than Toronto comparables. In July 2016 at the peak of Vancouver SFD prices, they were 65% more expensive. The gap was closing quickly; it narrowed down to 33% two months but with the sudden late summer zeal to buy in Vancouver and sell in Toronto, the gap has expanded again to 61%. Strata prices are also more expensive in Vancouver; 25% more for town-houses and 23% more for condos.

In March 2017 the Monthly Absorption Rate based on total inventory and total residential sales hit 154% in Toronto vs Vancouver at 47%. Vancouver may have led the FOMO crowd up the ladder, but Toronto maybe sending them down the snake.



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Real Estate

The new American Dream: rent your home from a hedge fund

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Posted by Simon Black - Sovereign Man

on Tuesday, 15 August 2017 11:38

home thumb atlantaAbout a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate. 

The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary. 

Buying and renting out single-family homes has long been the mainstay investment of small, individual investors. 

The big banks and hedge funds pretty much monopolize everything else. They own the stock market. They own the bond market. They own all the commercial real estate. They even own the farmland. 

Single-family homes were one of the last bastions of investment freedom for the little guy. 

(Real estate is how I got my own start in business and investing so many years ago; I was a 21-year-old Army lieutenant fresh out of the academy when I bought my first rental property.) 

But all that’s changing now. 
  
Last week a huge merger was announced between Invitation Homes (owned by private equity giant Blackstone Group) and Starwood Waypoint Homes (owned by real estate giant Starwood Capital). 

If the deal goes through, the combined entity would be the largest owner of single-family homes in the United States with a portfolio worth over $20 billion. 

And this is only the latest merger in an ongoing trend. 



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Canadian Housing Starts - City and Provincial LONG TERM CHART vs population growth since 1956​

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Posted by Brian Ripley's Canadian Real Estate Charts

on Tuesday, 25 July 2017 07:32

“The trend in housing starts for Canada reached its highest level in almost five years”, said Bob Dugan, CMHC’s chief economist. “So far this year, all regions are on pace to surpass construction levels from 2016 except for British Columbia, where starts have declined year-to-date after reaching near-record levels last summer.” CMHC News Room
NOTE: The chart below shows the actual annual totals count from 1956 through 2016.

​The 2017 data points on the chart are derived from the "annualized" provincial data set in the charts above and are therefor a projection of what year end 2017 might look like.
 
Projected Year End 2017 Totals
Canada = 190,424 (-4% Y/Y)
ON = 74,310 (-1% Y/Y)
​QC = 35,100 (-9% Y/Y)
​BC = 39,131 (-7% Y/Y)
​AB = 25,423 (-4% Y/Y)
 

chart-starts-1956-2017 orig

....view more HERE

 



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Real Estate

Is Canada in "Serious Trouble"?

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Posted by Zero Hedge

on Wednesday, 19 July 2017 11:21

canadahousing1

canadahousing2

One week after we channeled Deutsche Bank's Torsten Slok, who two years ago warned that "Canada is in serious trouble", a warning which was especially resonant after last week's rate hike by the Bank of Canada - the first since 2010 -  which we argued threatens to burst Canada's gargantuan housing bubble... CLICK HERE for the complete article



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