The Canadian Mortgage Machine Fires Up Again, As Debt Levels Resume Growth
Canadian real estate buyers helped to send outstanding debt levels to new highs, as outstanding mortgage credit resumed its growth.
Canadian real estate buyers helped to send outstanding debt levels to new highs, as outstanding mortgage credit resumed its growth.
First housing, now everything else. Statistics Canada (StatsCan) numbers show the cost of living is rising faster than anticipated. The Consumer Price Index (CPI), a common measure of inflations, showed a huge jump over the past 12 months. This jump was spread across the country, but Toronto and Vancouver observed even higher than average increases. […]
Canadian real estate owners have received a windfall lately, but unfortunately it’s all trapped in their home. Office of the Superintendent of Financial Institutions (OSFI) numbers show that an increasing number of homeowners are “releasing equity” through a reverse mortgage. The relatively new form of debt is rapidly growing, at almost 8 times the pace […]
Canadians are putting up their residential real estate to secure loans, at one of the fastest rates in history. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured by real estate made a seasonal decline in January. The seasonal decline however, is at a much slower pace than previous […]
CREA, the organization that represents the Canadian real estate industry, just updated their forecast for 2018 – and it’s not pretty.
Toronto real estate prices continued its rollercoaster pattern. The Teranet–National Bank of Canada (NBC) HPI shows prices declining in February. The decline comes just one month after breaking a down pattern in January. Even though the city’s price growth is still very high, it’s at the lowest level in over 3 years. About The Teranet-National […]
The central bank, for central banks, just flagged Canada for a financial crisis largely due to the country’s addiction to real estate fueled debt.
Canadian household debt saw the largest reduction since 2011, which sounds great – but presents a big problem for real estate.
National Bank of Canada is the first of the Big Six to anticipate lower prices for Toronto and Vancouver real estate.
The CEO of China’s largest international real estate portal thinks Chinese demand for Vancouver real estate will drop because it’s “overpriced,” not because of taxes.