Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Bank Of Canada Staff Warn Home Equity May Be Concealing Financial Distress Bank of Canada staff have released an analytical note, examining new home equity data and its growth. Stand-alone home equity line of credit (HELOC) debt fell to $63 billion […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Money Laundering Provided 1 In 20 Dollars For BC Real Estate The Government of BC found extensive money laundering is occurring across the province. A paper released by the province estimates $7.4 billion in laundered funds entered BC in 2018, with […]
Canada’s most expensive real estate market continues its downward spiral. Real Estate Board of Greater Vancouver (REBGV) numbers show prices printed another month of declines April. Price declines were largely due to rising inventory, and the fewest sales for the month in almost two decades. Greater Vancouver Real Estate Prices Are Still Falling The price […]
Demand side measures don’t appear to be slowing down Toronto real estate buyers. Toronto Real Estate Board (TREB) numbers show home prices made the fourth largest jump for April. The abrupt increase was accompanied by an annual rise in sales, as well as inventory. Greater Toronto Real Estate Makes Fourth Biggest Jump In April The […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Are Placing Absurd Price Premiums On Condos Toronto and Vancouver property assessments place a huge premium on condo apartments. Toronto apartments have a median assessment value of $457 per square foot (PSF) in 2018, 32% higher than […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate How A Little Money Laundering Can Have A Big Impact On Real Estate There’s no way there’s enough money laundering in Canadian real estate to affect prices, right? We take a dive through how asset prices are born, and how […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadians Used Over $298 Billion In Home Equity To Secure Loans Canadians are still using their homes as ATMs. Filings from regulated banks show over $298 billion in loans were secured by homes in February, up 5.4% from last year. […]
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 […]
