Matt France

REALTOR with a passion for detail and for getting everything as right as possible for my clients.

[The Globe and Mail @globeandmail]

Almost 10% of Toronto mortgage holders won’t qualify to refinance next year, BoC says https://t.co/aoG7YMEsgh

[CTV National News @CTVNationalNews]

Aboriginal title can’t apply to private land, Supreme Court of Canada decides https://t.co/QogdX0HLUE

[Matt France @REALTORinVan]

@KenardoKen @chambleebrandel @RichGreen012 Lucky. Bucket list course for me. I’ve played 20 of Golf Digest’s top 100 globally [County Down, Dornoch, Carnoustie, Kingsbarns, Berwick, Cruden Bay, Castle Stewart, Hoylake, etc.], due to play Royal Birkdale & some other amazing ones but haven’t played Cap. Some day.

[Global Property Guide @GlobalPropGuide]

How home prices have changed over the past year (Q4 2025 vs Q4 2024):

Portugal: 23.6%
Romania: 14.9%
UAE (Dubai): 12.9%
Lithuania: 11.3%
Switzerland: 4.5%
Netherlands: 3.5%
Singapore: 3.3%
Sweden: 0.8%
Thailand: 0.6%
Canada: -6.2%
China: -8.5%

Note: These are nominal figures.

[James E. Thorne @DrJStrategy]

Let’s try this again. 6 months of negative GDP growth is a recession folks!!

Yes Canada is in a recession.

[Barchart @Barchart]

BREAKING 🚨: Commercial Real Estate

Office CMBS Delinquency Rate jumps to 11.7%, the highest level in history 👀

[Barchart @Barchart]

U.S. Housing Market has reached its most unaffordable level in history 🚨🚨

[Barchart @Barchart]

BREAKING 🚨: U.S. Housing Market

Home Sellers outnumber Buyers by more than 500,000, the largest gap ever recorded 👀

[Bank of Canada @bankofcanada]

Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

https://t.co/5mj02qT1AO

#economy #cdnecon

[Matt France @REALTORinVan]

If this becomes a trend, lower mortgage rates & interest rates in general, are coming.

[unusual_whales @unusual_whales]

BREAKING: Household spending per person in Canada is falling at a pace only previously seen during recessions. After adjusting for inflation, the measure fell 1.3% in the second quarter from the year before.

[(((The Daily Shot))) @SoberLook]

Canada's rent inflation continues to surge.

[Bank of Canada @bankofcanada]

ICYMI: A stable and resilient financial system benefits all Canadians.

While some financial pressures gone back to where they were before the pandemic, it’s important for consumers and businesses - to plan and strengthen their resilience.

https://t.co/kXjqQ43Ed9

#cdnecon

[Alexander Zoltan @AmazingZoltan]

It is astounding how much land in Canada is still classified as Crown land.

[Greater Vancouver REALTORS® (Formerly REBGV) @GVRealtors]

April MLS® Market Report: Inventory reaches highest level since the pandemic summer of 2020. Read more: https://t.co/gP03V9RuNG

#GVR #marketupdate #vancouverrealestate https://t.co/YH5INSUUFO

[Jeremiah Shamess | Toronto Land & Building Sales @JShamess]

Here's a doozy office building sale in the financial core of downtown Toronto.

In 2015:

70 York Street was sold for $110,000,000 by Brookfield to a private investor.

In 2024:

70 York Street was just sold for $65,000,000 to Kingsett

70 York is a 194,000 SF office building that included a leasehold interest and fee simple interest in the transaction.

This represents a 41% decrease in value, and a good buy for Kingsett.

[Matt France @REALTORinVan]

A wee bit scary…

[The Kobeissi Letter @KobeissiLetter]

What is happening in Canada?

Canadian bankruptcy filings are skyrocketing with nearly 800 bankruptcy filings in January 2024 alone.

This comes after bankruptcy filings in 2023 jumped nearly 40% year-over-year.

Currently, the number of businesses filing for insolvency is at its highest in 13 years.

In January, small businesses faced deadlines to repay interest-free loans of ~$45,000 given during the pandemic.

Small businesses currently account for ~33% of Canada's GDP.

Is Canada bracing for a recession?

[Matt France @REALTORinVan]

Kelowna city council voted 4-3, with two councillors having to sit out because they own and operate short-term rental properties & voted to eliminate most short-term rentals, such as those listed on Airbnb, across the city with some small exceptions.
https://t.co/PuvIyqQRdd

[Nasma Ali @nasmadotali]

National Bank of Canada states we have entered the first “population trap” in modern history.

https://t.co/PEpiggwfk4

[Barchart @Barchart]

A record high $6+ Trillion is now sitting in money market funds. If yields continue heading lower, will some of this cash find its way into risk on assets?

[Matt France @REALTORinVan]

Macklem Sees Bank of Canada Cutting Rates Sometime in 2024

“I think it is sometime in 2024,” Macklem told BNN Bloomberg Television, when asked when he sees the central bank lowering its benchmark overnight rate. 
https://t.co/8LT0hePVc8