Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate CMHC: Vancouver Has The Most Indebted Households In Canada, Toronto Not Far Behind Vancouver, Toronto, and Victoria are the country’s most indebted cities. Vancouver led the pack with a debt to income ratio (DTI) of 242% in Q2 2018. To put […]
Toronto detached real estate sales are falling off a cliff. Toronto Real Estate Board (TREB) numbers show November prices are just off of last year. That’s the least important takeaway from the numbers. Instead, detached sales falling to Great Recession levels and high inventory is the big story. Toronto Detached Real Estate Prices Are Flat […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Largest Real Estate Developer Declared A Soft Landing. They’re Wrong Canada’s largest real estate developer has declared the country has officially made a soft landing. There’s just a few problems with that. First, it’s way too early to call, […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Money Supply Prints Another Ominous Signal For The Housing Cycle The Canadian money supply is printing a warning sign. The growth rate of M2++, the broadest measure of Canadian money, fell to 5.1% – down 20.3% from last year. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Borrowing Rates Are Up 32% From All-Time Lows Hit 2 Years Ago Canadians are seeing the cost of borrowing rise quickly. The typical household loan now has an effective borrowing rate of 3.96% as of last Friday, up 3.39% […]
Canadian real estate prices are slowing in growth, but they made a wild run over the past few years. Canadian Real Estate Association (CREA) numbers show price growth made a huge deceleration into October. Price growth is now close to target inflation, but over the past 5 years they’ve increased by over 44%. Not just […]
Canadian real estate markets are still cooling around the country. Canadian Real Estate Association (CREA) numbers show only two markets saw SNLR improvements in October. The indicator, used as a gauge of demand, fell fastest in some of Canada’s largest real estate markets. Sales To New Listings Ratio The sales to new listings ratio (SNLR) […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown Canadian real estate sales are dropping, and taking credit growth with it. The growth of mortgage credit fell to 3.38% in September, compared to last year. The […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Is Forecasting An 11% Drop In Buying Power The Canada Mortgage and Housing Corporation (CMHC) is forecasting a decline in borrowing power. Analysts from the Crown Corp are projecting the 5 year fixed rate will rise […]
Canada’s national housing agency sees a much smaller mortgage in your future. Canada Mortgage and Housing Corporation (CMHC) forecast numbers included projections for mortgage rates. The high projection for the rates almost add a fifth to the cost of servicing a mortgage. If rates hit these projections, buyers would lose up to 11% of their […]
