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 […]
Vancouver real estate continued its mild slump. Real Estate Board of Greater Vancouver (REBGV) numbers showed slowing demand in October. Home sales in the region hit a 6 year low, while inventory reached a 4 year high for the month. Greater Vancouver Real Estate Prices Are Up Just 1% The price of a typical home […]
Greater Toronto real estate buyers were a little more confident last month. Toronto Real Estate Board (TREB) numbers in October showed huge improvements from last year. Prices are still in a downtrend, but higher sales and improved price gains lend to the possibility of breaking that trend. Toronto Real Estate Prices Are Up Over 2% […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Falls To The Lowest Level Since The Dot-Com Crash Canadians may have had their fill on real estate for the next few years. The balance of mortgage debt reached $1.53 trillion in September, up $3.34 billion from […]
Canadian households still pushed the debt levels higher, but are slowing down. Bank of Canada (BoC) numbers show household credit reached a new all-time in September. Despite the high, credit growth is falling to lows not seen in over 35 years. Canadian Households Hold Over $2.15 Trillion In Debt Canadian households racked up an all-time […]
Don’t tell your friends, but the bottom of the Canadian real estate market is disappearing – fast. Bank of Canada (BoC) numbers show the balance of insured mortgage debt is down in Q2 2018. The decline of insured debt isn’t just negative either. The drop in the balance of insured mortgage credit is the largest […]
Time for your weekly cheat of this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Thinks Prices Are Too Steep, Even With The Declines The Canada Mortgage and Housing Corporation (CMHC), Canada’s national housing agency, thinks Canadian real estate is overpriced. The agency’s quarterly report calls the national market overvalued, and highly […]
The most influential housing organization in the country seems to be bearish on real estate prices. Canada Mortgage and Housing Corporation (CMHC), the Crown agency in charge of housing research, released its fourth quarter Housing Market Assessment. The government backed agency is seeing prices cool, but still feels the country is overpriced at the national […]
