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. […]
Remember when people used to line up for a chance to put a deposit on new Toronto real estate? Those days seem very far behind us. BILD and Altus Group data shows new condo apartment sales fell across Greater Toronto, while inventory rose. Don’t worry, people are still paying more for these units… a lot […]
Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadian Real Estate Owners Are Paying The Most To Service Debt Since 1993 Rising interest rates and huge mortgages are eating up household income across Canada. Canadians had a debt service ratio (DSR) of 6.51% in Q2 2018, […]
Toronto detached homes might have slipped from highs, but condo apartments pushed higher. Toronto Real Estate Board (TREB) number show condo apartment prices reached an all-time in August. Higher condos prices came with inventory and sales that were mostly flat from last year. Toronto Condos Hit A New All-Time High The price of a typical […]
Time for your weekly update on this week’s most important news. Canadian Real Estate Canadians Add An Average Of $187,000 Per Minute To The Household Debt Balance Canadians printed a new record for household debt, but the rate of growth is slowing down quickly. The balance of household debt reached $2.13 trillion in July, up […]
Cooling Canadian real estate prices are dragging rental price growth. Numbers from the rental platform rentals.ca show 1 bedroom prices increased in markets with slower price gains last year. However, last year’s red hot real estate markets are experiencing slow to negative growth – especially around the Greater Toronto-Hamilton Area. Canada’s Most Expensive Rental Market […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems The impact of rising interest rates is showing up in Canada’s measure of “cash.” The M1+, a measure of cash-like instruments, increased 3.9% on an annual basis in […]
Time for your weekly cheat sheet for this week’s most important stories. Canadian Real Estate Canada’s HELOC Problem Is One Of The Biggest Risks For Real Estate Canada’s home equity line of credit problem has reached epic proportions. The balance of outstanding HELOC debt reached $286.81 billion in Q2 2018, up 1.83% from the quarter […]
