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 […]
Time for your weekly update on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Turn Negative According To The US Federal Reserve Canadian real estate prices are slipping lower, when adjusted for inflation. Federal Reserve Bank of Dallas numbers show prices have slipped for the first time in a decade. Prices […]
Canada’s real estate hubs of Toronto and Vancouver are slowing down. Canadian Real Estate Association (CREA) numbers show the price of a typical home in small cities climbed the most over the past year. In fact, the economic suburbs of Toronto and Vancouver have outperformed the cities over the past 5 years. Vancouver Real Estate […]
Time for your weekly cheat sheet on the most important stories this week. Canadian Real Estate Gasp! Canadians Might Have To Actually Make Enough Money To Buy Real Estate Soon Canada’s banking regulator wants to put an end borrowers depending on equity to get a mortgage. Equity lending, the process of depending on “earned” equity […]
Greater Vancouver’s detached real estate market had a rough start to fall. Real Estate Board of Greater Vancouver (REBGV) numbers show nearly every major market indicator deteriorate in September. Generally speaking, the detached market saw lower prices, plummeting sales, and higher inventory. Vancouver Detached Real Estate Prices Drop Over $76k The price of a typical […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Understanding How The Credit Cycle Impacts Canadian Real Estate Prices There’s a lot of debate about the influence of local factors on housing, but they’re all trumped by the credit cycle. We take a quick dive through the credit cycle, […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate UBS Ranks Toronto And Vancouver In Top 5 Global Real Estate Bubbles Swiss mega-bank UBS updated their Bubble Index, with Toronto and Vancouver making the list. Actually, they didn’t just make the list – they were in the top 5. […]
