Top Stories

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 […]

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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% […]

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This Week’s Top Stories: Canadian Mortgage Growth Plummets As The Credit Cycle Breaks Down, and Toronto Real Estate Inches Lower

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001 Canadian mortgages growth is slowing, and fast. The balance of mortgage credit at large lenders reached $1.515 trillion, up $5.06 billion. That sounds huge, but it’s actually almost half of […]

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This Week’s Top Stories: Canadian Seniors Go On A HELOC Funded Renovation Binge, And Every Real Estate Market West of Ottawa Cools

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Every Major Canadian Real Estate Market West Of Ottawa Is Cooling Down The Canadian Real Estate Association (CREA) released date for their largest markets. The data point that jumps out is the shift in the sales to new listings ratio (SNLR). […]

Canada Top Stories

This Week’s Top Stories: Canadians Are Looking For More Foreign Money For Mortgages, and They’re Paying The Highest Rates In Over 5 Years

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital Covered bonds are an increasingly popular method banks use to fund mortgages. Virtually non-existent in Canada before the Great Recession, they now fund 9% of mortgages at […]