Montreal and Ottawa real estate markets are heating up, while Toronto and Vancouver’s real estate markets continue to cool.
Montreal Heats Up, While Toronto and Vancouver Real Estate Continue To Cool
This Week’s Top Stories: Canadian Real Estate Sales Fall, While Second Mortgages Rise Across The Country
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 10 Mortgages Issued In Canada Are On An Already Mortgaged Home The Canada Housing and Mortgage Corporation (CMHC) found that multiple mortgages on the same home is on the rise. Analysts counted 145,013 new loans on already […]
Over 1 in 10 Mortgages Issued In Canada Are On An Already Mortgaged Home
Canadian real estate price spiked in 2017, and a lot of homeowners have already spent that equity. Canada Housing and Mortgage Corporation (CMHC) numbers show a huge number of people are taking out multiple mortgages on their homes. The trend now represents over 1 in 10 mortgages issued in the country, and nearly half are […]
Toronto Real Estate Sales Lead Canada For Growth, BC Leads The Declines
Canadian real estate sales continue fall to new lows. Canadian Real Estate Association (CREA) numbers show only 3 markets with more than 500 sales had year over year growth. Those that did see growth, only saw mild growth compared to previous years. The exception is Toronto, but that isn’t what it appears to be either. […]
Vancouver Condo Inventory Jumps 66%, Largest Monthly Price Decline Since 2012
The Greater Vancouver condo market is quickly changing. Real Estate Board of Greater Vancouver (REBGV) numbers show July saw inventory surge. The rise in inventory was met with big declines in sales, releasing a lot of the pressure for prices to rise. Vancouver Condo Prices Fall For A Second Month The price of a typical […]
Toronto Condos Squeeze Out The Smallest Price Change Since August To Print New High
Toronto real estate saw a minor price acceleration last month, and condos were no exception. Toronto Real Estate Board (TREB) numbers show the price of a typical condo is just below the all-time high. For the first time since December, annual price gains stopped decelerating. This could be a sign of the market getting ready […]
Teranet: Canadian Real Estate Prices Continue To Decelerate, Smallest Growth Since 2009
Canadian real estate prices have never been more expensive, but the rapid deceleration of gains to 2009 levels means that might change soon.
Canadian Households See Borrowing Costs Rise To Highest Levels Since 2011
Canadian real estate buyers are facing the highest cost of borrowing since 2011, and that’s going to cool credit demand even further.
This Week’s Top Stories: Toronto and Vancouver Detached Sales Continue To Slow, While Mortgage Payments and HELOCs Soar
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Average Mortgage And HELOC Payment Is Soaring In Toronto And Vancouver Canadians are facing higher payments on mortgages and HELOCs, especially in Vancouver and Toronto. The average monthly mortgage payment in Vancouver reached $1,794 in Q1 2018, up 6.5% […]
The Average Mortgage and HELOC Payment Is Soaring In Toronto and Vancouver
Canada’s national housing agency crunched the numbers on the average debt payments, and they’re soaring in Toronto, Vancouver, and Montreal.
