Ontario and British Columbia real estate is filled with investors, and most are landlords. New Statistics Canada (Stat Can) numbers show the number of multiple-property owners in 2018. The highest concentration of these owners is, not surprisingly, in Toronto and Vancouver. Multiple-Property Ownership The Stat Can study focused on multiple-property owners, excluding non-residents of Canada. […]
Looking to join Canada’s one-percent? Good luck, because the threshold is moving much faster than your incomes. New Statistics Canada (Stat Can) data shows incomes climbed in 2017. While incomes climbed across Canada, they’re climbing much faster at the top. Canadians Need To Make Over $236,000 To Be In The “One-Percent” The threshold to be […]
Canadian real estate price growth is accelerating ahead of the government’s helicopter cash. Teranet – National Bank of Canada House Price Index (TNC HPI) shows prices reached a new all-time high in August. The sudden acceleration of price growth came largely from smaller markets. Most cities saw price growth last month, with Vancouver being a […]
Canadian households are sending a lot more cash to lenders, but it’s not paying their debt down. Statistics Canada (StatCan) data shows household mortgage payments jumped in Q2 2019. Rising payments are seeing fewer dollars pay off debt, and more towards carrying it. Canadians Paid Over $93 Billion On Mortgages Canadian real estate owners paid […]
Canadian households are getting access to cheaper credit, after a brief rise in rates. Bank of Canada (BoC) data shows the interest rate households paying fell in September. Borrowing rates have been falling since hitting a multi-year high earlier this year. Currently they’re still higher than they were during peak real estate price growth. However, […]
Canadian real estate owners are back to borrowing against their home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of home equity lines of credit (HELOC) debt reached a new high in June. Growth is no longer near the peak seen a couple of years ago, but still much higher […]
Canadian households are pushing mortgage growth higher, but not other types of debt. Bank of Canada (BoC) data shows the rate of growth for mortgage debt hit a high for the year in July. Meanwhile consumer credit continued to the lowest rate of growth seen in years. An unusual match, since both segments don’t typically […]
Toronto and Vancouver real estate owners are flocking to home equity loans. Canada Mortgage and Housing Corporation (CMHC) numbers show debt payments increased in almost every segment in Q1 2019. The largest growth was in home equity lines of credit (HELOC). Obligated payments for HELOCs grew at almost 3x the rate of the second fastest […]
Canadians are taking out mortgage debt, but at an unusually slow pace these days. Bank of Canada (BoC) data shows outstanding mortgage credit reached a new high in July. Mortgage growth is improving compared to previous months. However, this past July was still the slowest rate of growth for the month in over two decades. […]
Canadian real estate owners with large mortgages are falling behind on payments. Canada Mortgage and Housing Corporation (CMHC) data shows a climbing delinquency rate on large mortgages in Q1 2019. The rate remains relatively low, but does show the trend is reversing, and the market peak is behind us. What Are You Looking At? Today […]
