This Week’s Top Stories: Canadian Homebuyers Need Incomes To Double, Foreign Investment Risks

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Foreign Investment Surge Isn’t Confidence, It’s A Looming Debt Crisis Canada has seen a surge in foreign investment, but is it the vote of confidence reported in the media? The 12-month sum of foreign investment hit $256 billion in May, its highest level since 2022. A BMO report shows the flows targeted bonds, not equities. Most of which were government debt (58.4%), and the loonie isn’t getting a boost due to issuances in other currencies. The Bank of Canada previously warned that this type of purchasing is a systemic threat. Continue Reading… Canadian Homebuyers Need Nearly Double The Median Income To Buy Housing affordability improved for a tenth straight quarter, the longest streak ever. The same National Bank data also emphasizes that more affordable isn’t affordable. Their numbers show that a mortgage on a typical home would take 51% of the median household income. Their income would need to almost double to actually qualify for that mortgage. That won’t just suck for prospective buyers, but it’ll be a problem for those looking to sell. Continue Reading… Canada’s Young Adults Make Less Than 50...