Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions A Bay Street firm is warning institutional clients of falling real estate prices. The firm’s latest model suggests prices may fall up to 11% at the national […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Debt Reaches 115% Of GDP, Here’s Why That’s Bad Canadian household debt is swelling, while gross domestic product (GDP) has been falling. The ratio reached 115% in Q2 2020, up from 101% the previous quarter. Even pre-pandemic this number […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate CMHC Warned Buyers Not To Buy A Condo. Some Are Now Officially Underwater People that bought a condo after the pandemic was declared aren’t doing so hot. Across Greater Toronto, buyers of a benchmark condo in April have seen the minimum […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate RBC Forecasts Canadian Mortgage Defaults Will Start Rising Next Year Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Condo Buyers At The Beginning Of The Pandemic Now Nearly Underwater Canada’s state-owned mortgage insurer warned first-time buyers to be careful at the beginning of the pandemic. Now buyers that ignored the advice, are finding out what they were talking […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Bank Of Canada Ending Pandemic Program That Helped Real Estate Prices Surge Canada’s central bank will stop flooding the market with cheap mortgage credit. The Bank of Canada held $9.32 billion of CMBs on Oct 7, up 1,710% from last year. […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Why Canada’s Condo “Insurance Crisis” Should Make Investors Nervous The Canadian insurance industry is discussing a coverage “crisis” coming to condos. Due to rising replacement values, and smaller margins, insurance companies are dropping coverage. This comes while demand for this type […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Buyers Trying To Walk Away From Purchases Become “Rampant” Canadian home buyers not delivering a downpayment after agreeing to buy a home is on the rise. A Greater Toronto broker is seeing an uptick of buyers not delivering […]
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 […]
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 […]
