Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital Covered bonds are an increasingly popular method banks use to fund mortgages. Virtually non-existent in Canada before the Great Recession, they now fund 9% of mortgages at […]
Toronto condo prices just keep ballooning, although less than they have been recently. Toronto Real Estate Board (TREB) numbers show the price of a typical condo reached an all-time high in June. Some of the pressure to move higher is finally being released though, as sales fall faster than inventory. Typical Toronto Condo Price Reaches […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Teranet: Canadian Real Estate Prices Decelerate, Toronto Plunges Further Negative Canadian real estate prices are quickly decelerating according to the Teranet-National Bank of Canada House Price Index. Prices increased 0.94% in June, bringing the annual price increase to 2.87% from last […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years The Canadian credit cycle appears to be heading into its contraction phase. The balance of household debt reached $2.119 trillion at the end of May, up 4.4% from […]
Vancouver real estate is finally returning to reality. Real Estate Board of Greater Vancouver (REBGV) numbers show prices are still up from last year, but have stalled month-over-month. The stalled prices were accompanied by much lower sales, and multi-year highs for inventory. Greater Vancouver Home Prices Are Basically Flat From Last Month The price of […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War The CMHC took a novel approach to finding out why Toronto and Vancouver buyers were so frenzied – they asked them. Conducting a survey of recent […]
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate Can You Tell If These Central Bank Quotes Are About Canadian Real Estate In 2018, Or The US Before The Great Recession? The real estate industry listens very closely to the Bank of Canada, but how useful […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Has A Subprime Real Estate Problem, You Just Don’t Know It Most people know the US real estate crash started with subprime lenders. Most don’t know most defaults were people with good credit, using subprime lenders. The same trend […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate IMF Warns That Canadian Real Estate Is A “Key Domestic Risk” The International Monetary Fund (IMF) is warning that real estate is a “key domestic” risk to Canada. Changes in price expectations, increasing mortgage rates, and unemployment could all be triggers […]
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate Canadian Mortgage Growth Grinds To A Halt, Slowest Growth Since 2001 Mortgage debt growth is slowing very quickly across Canada. Bank of Canada numbers show mortgage debt stood at $1.528 trillion, up $2 billion from the month before. This […]
