Canadian seniors are slowing down on the equity binge, but they’re still tapping quite a bit. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage debt reached a new high in June. Canadian reverse mortgage debt is decelerating in growth, but is still one of the fastest growing segments of debt. Reverse […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Odd: Canadian Mortgage Credit Growth Is Rising, While Consumer Growth Falls Household credit growth is picking up from earlier this year, but still below last year’s levels. The balance of credit outstanding hit $2.22 trillion in July, up 3.6% from […]
Greater Vancouver real estate is improving, but it’s not even close to normal yet. Real Estate Board of Greater Vancouver (REBGV) numbers show a big climb in sales in August. The rise in sales was met with a jump in inventory though, offsetting most of the improvement. The region continued to see falling prices, with […]
Toronto real estate is ripping higher, into the time of year it typically slows down. Toronto Real Estate Board (TREB) data shows improvements for most numbers in August. Generally speaking, the market saw a surge of sales and drop in inventory, sending price growth to the highest level in over a year. Toronto Real Estate […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s GDP Gets A Boost By Deepening Reliance On Real Estate Canada’s GDP got a big boost from real estate in the last quarter. Residential investment reached $136.9 billion in Q2 2019, up 1.35% from the previous quarter. This still represents […]
Canada’s dependence on real estate to grow the economy just got deeper… or made a death rattle. Statistics Canada (StatCan) numbers show residential investment showed quarterly growth in Q2 2019. The increase represents one of the few sectors of growth that boosted GDP in the most recent quarter. While residential investment rose on the quarter, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Yield Curves: Canada’s Recession Indicator Is Now Flashing Red Alert Another indicator is warning that a recession is likely approaching in Canada. The 10-2 spread, the difference between 10 and 2 year government bonds, turned negative. A negative spread, a.k.a. yield […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad Ontario’s first-time buyers aren’t pursuing ownership alone, and instead are looking for much older help. Condo apartments bought with multiple owners with an age gap of 20 […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver Stabilizing Warning signs exist for Canada’s real estate markets, but things are improving. The CMHC sees “moderate” vulnerabilities across Canada. Toronto held its rating of “high” vulnerability, due to overvaluation and overheating. Vancouver […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate RBC: Toronto And Vancouver Real Estate Construction “Significantly” Outside Norm Canada is building a lot of houses, while unaffordability rises across the country. RBC Economics notes the building is a potential vulnerability. Same with the lack of affordability, which the bank […]
