Real Estate

3 Canadian Real Estate Stocks Set to Profit from the Housing Boom

07/05/2023

Image source: Getty Images

I know, it’s a pretty crazy thing to think about right now. A housing boom? With interest rates through the roof and a crash in prices? The Canada Mortgage and Housing Corporation (CMHC) continues to believe the decrease in housing prices in 2022 will continue into 2023. However, there should be a rise sometime in 2023, which could affect real estate stocks.

That rise in the housing market should come sometime in 2023 and continue into 2024 and beyond. So, what company will benefit from these new conditions, and which should investors hop on now?

RioCan

Investors looking for a recovery would definitely do well considering RioCan REIT (TSX:REI.UN), even right now. The company makes investments in mixed-use properties in urban areas where there is a lot of foot traffic. You can live, work, and shop in the same location.

Yet, of course, shares haven’t

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Real Estate

This Week’s Top Stories: Canada’s Banks Turn Bearish On Real Estate, & An Unregulated Mortgage Boom

14/03/2023

Time for your cheat sheet on this week’s top stories.

Canadian Real Estate

Only One of Canada’s Big Six Banks Expects Real Estate Prices To Rise

Canada’s Big Six banks have released their base case forecasts for real estate prices and only one of them expects prices to rise in the next year. RBC is the most optimistic, expecting prices to rise 2.6% to $732,300 by next year, followed by 5.1% compound annual growth for the next four years. National Bank is the second most optimistic, expecting prices to fall 9.6% over the next year. CIBC, Scotiabank and BMO all expect prices to fall, with BMO having the most bearish outlook, calling a 14.0% drop by next year. 

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Canada’s Subprime Mortgage Problem Is Growing As Private Loan Use Surges

Canadian regulators are sounding the alarm on private mortgages, as it experiences explosive growth. Traditionally these high interest mortgage

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