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This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall, As Households Make Fewer Payments

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate  Moody’s Doubles Down On Forecast Of Canadian Real Estate Prices Falling Soon One of the world’s largest credit rating agencies confirmed an early forecast of falling home prices in Canada. Moody’s had expected government measures would delay any impact to home […]

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This Week’s Top Stories: Canadian Home Buyers With Small Down Payments Rise, While Toronto Condo Prices Slip Lower

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canadian Homebuyers With Small Down Payments Grows For The First Time In Years Insured mortgage credit, for those with smaller down payments, increased for the first time in years. The balance of insured mortgages reached $476.53 billion in Q2 2020, up […]

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This Week’s Top Stories: How Central Banks Drove Pent-Up Demand Too Early, and Canadians Have Difficulty Paying Mortgages

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Understanding Pent-Up Demand In Real Estate, And How Central Banks Broke Markets Pent-up demand is a temporary rise in consumer buying, after a period of restraint. It normally appears at the end of a recession, but not this time. During recessions, […]

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This Week’s Top Stories: Canada’s Largest Banks Have Over 500,000 Mortgages On Deferral, As Regulators Phase Out Special Treatment

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada’s Big Six Banks Set Aside Over $6 Billion For Credit Losses Canada’s Big Six banks have set aside billions of cash to prepare for losses on loans. Provisions for credit losses (PCLs) reached $6.76 billion in Q3 2020 at the […]

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This Week’s Top Stories: Bank of Canada Floods The Market With Cheap Mortgages, And Condo Owners Rush To Sell

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Bank Of Canada’s Mortgage Buying Is A Quarter The Size Of New Mortgage Credit Canada’s central bank kicked into action during the pandemic… by flooding the mortgage market with cheap cash. The central bank held $513 million worth of CMBs in […]

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This Week’s Top Stories: Canada’s National Housing Agency Warns Buyers Again, As The Mortgage “Cliff” Approaches

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Here’s What Canada’s Mortgage Deferral Cliff Looks Like, And Why Experts Are Worried Canadians suffering income losses had their mortgage payments deferred, but those deferrals are about to expire. During the pandemic, the government worked with banks to delay payments for […]

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This Week’s Top Stories: Canadians Defer Mortgage Payments At 2x The Rate of Americans, and International Students Told To Stay Abroad

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadians Are Deferring Mortgage Payments At 2x The Rate Of Americans Canadians are taking advantage of mortgage payment deferrals at a much higher rate than Americans. Canadian banks have about 16% of mortgages on payment deferral, a steady climb since the […]