Canadian real estate prices are more tame, but a correction may still be in the cards. The Federal Reserve Bank of Dallas (Dallas Fed), a branch of the US Federal Reserve, released exuberance indicators for Q2 2018. Exuberance is lower than it was last year, but we’re still nowhere near a healthy market. Exuberance Indicators […]
A lot of senior Canadian real estate owners are still seeing their home equity die a slow death, but the rate of growth is tapering. Office of the Superintendent of Financial Institutions (OSFI) show reverse mortgage debt reached a new high in August. Despite reaching a new high, the pace of growth is still decelerating […]
Slowing Canadian real estate sales are cooling off mortgage growth very quickly. Bank of Canada (BoC) numbers show mortgage credit growth continued to decelerate in September. The annual pace of growth for outstanding mortgage credit is now at the slowest pace we’ve seen in 17 years, and on track to go lower. Canadians Owe Over […]
Canadians aren’t shying away from borrowing against their homes, even with higher interest rates. Office of the Superintendent of Financial Institutions (OSFI) filings reveal the balance of loans secured by real estate has reached a new high in August. Slowing home price growth and a higher cost of borrowing did little to slow down growth […]
Canadians held onto more cash, but a credit slowdown is still brewing. Bank of Canada (BoC) numbers show the M1+ saw mild acceleration in August. Don’t let the mild acceleration of broad money growth fool you, it’s actually still pretty bad. The pace of growth is almost half of where it was last year, and is […]
Canadian real estate prices aren’t doing so hot, according a branch of the US Fed. Federal Reserve Bank of Dallas (Dallas Fed) numbers show real estate prices across Canada have turned negative in Q2 2018. The negative numbers are the first for Canadian real estate prices, since the Great Recession. Real House Prices… As Opposed […]
Canadian real estate prices are stalling, according the country’s largest land registry operator and a Big Six bank.
Rising interest rates are already drying up credit for Canadian households. Bank of Canada (BoC) numbers show household credit hit another all-time high in August. More concerning is the rising balance is seeing a rapid decline in growth. Rising rates have sent the annual pace of growth to the lowest it’s been over 35 years. […]
New housing construction is grinding to a halt across Canada. Canada Mortgage and Housing Corporation (CMHC) numbers show a sudden drop in new housing starts in September. The drop sent starts to the lowest levels in nearly two years, and here’s why that’s important for the economy. Here’s Why You Care About Housing Starts Housing […]
Canadian residential real estate mortgage credit is falling to levels we haven’t seen in years, even with easy access to leverage.
