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Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Insured Mortgages On Canadian Real Estate Fall Almost 10% The balance of insured mortgages on Canadian real estate is falling. There were $456.35 billion of insured mortgages in January, down 9.37% from last year. The average cost of carrying these […]
Greater Vancouver real estate is slowing, and the detached market is no exception. Real Estate Board of Greater Vancouver (REBGV) March numbers show prices are back to where they were almost 3 years ago. Rising inventory and a multi-year low for sales contribute to a declining outlook. Greater Vancouver Detached Real Estate Prices Falls Over […]
Toronto’s detached real estate market is showing signs of stabilizing – relatively speaking. Toronto Real Estate Board (TREB) numbers show prices are officially on the rise in March. Meanwhile, the 905 and city, head in opposite directions with sales and inventory. Detached Toronto Real Estate Prices Are Flat Detached prices in Greater Toronto moved a […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Credit Growth Barely Moves, Annual Growth Falls To 1983 Levels Canadian debt reached a new record high, but barely. The balance of household debt reached $2.16 trillion in February, up 0.01% from the month before. The annual pace […]
Greater Vancouver real estate prices are dropping, but buyers aren’t interested. Real Estate Board of Greater Vancouver (REBGV) numbers show prices rolled back almost two years of gains as of March. Prices are now in free fall, as sales printed a multi-decade low and inventory popped higher. Vancouver Real Estate Prices Drop Over 7% The […]
Toronto real estate buyers are dropping like flies, but prices are holding. Toronto Real Estate Board (TREB) numbers show prices increased in March. The rise in prices came with the fewest sales since 2009, and second highest inventory since 2014. Toronto’s Proprietary “Benchmark” Rises The price of a typical home in Greater Toronto increased. TREB […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households Are Just 0.01 Points From The Mother Of All Debt Records Canadian households are paying a near record amount to service their debt. The debt service ratio (DSR) reached 14.87% in Q4 2018, up 5.46% from last year. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Government Launches Predatory First-Time Buyer Mortgage Scheme The Government of Canada is taking steps to provide first-time buyers assistance, through “equity lending.” The move would see the government provide new homeowners with up to 10% assistance to buy […]
Greater Vancouver’s detached buyers aren’t taking the lower price bait – at least not at these levels. Real Estate Board of Greater Vancouver (REBGV) numbers show detached prices were still falling in February. The decline in prices came with a multi-decade low for sales, and multi-year high for inventory. Vancouver Detached Real Estate Prices Are […]
Toronto detached real estate buyers still haven’t warmed up to (slightly) lower prices. Toronto Real Estate Board (TREB) numbers show price growth continued to decelerate in February. The deceleration was the result of recession levels of sales, and a multi-year high. Prices are close to the same point as last year, with a deteriorating ratio […]
