Mortgage Delinquencies Are Flatlining In Toronto and Vancouver Shows CMHC Data
Delinquencies on Toronto and Vancouver real estate have stalled, while they continue to decline in Montreal.
It’s Not “Stress Testing” Canadian Real Estate Buyers, The Credit Cycle Is Breaking Down
Household debt in Canada continued to see growth slow in June, according to new numbers from the Bank of Canada.
Over 1 In 10 Canadians That Bought Real Estate In 2017, Borrowed Over $600,000
Canadians rapidly turned to larger mortgages last year, according to new data from the Canada Housing and Mortgage Coproration.
Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001
Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew close to half as much as last year. Even worse, the slow credit growth is on track to head even lower. Canadians are now in the worst mortgage market for growth in nearly two […]
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008
Unaffordable real estate? The Government has no idea what you’re talking about. The Bank of Canada (BoC) Housing Affordability Index (HAI) shows affordability improved since 2008. Despite the hard to believe reading, it provides an interesting warning. Affordability of real estate is deteriorating with minor rate hikes, compared to 2008. Housing Affordability Index The BoC’s […]
Altus: Canadians Turn To HELOCs For Renovations, and 25% Are Seniors
Residential real estate renovations in Canada are being fueled by an extraction of home equity, especially by older Canadians.
Canadian HELOC Debt Hits A New High As The Spending Binge Continues
Canadian real estate owners made a record gain when prices soared, and they’re in a rush to spend it. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by residential real estate hit a new high in May. The high was led by a surge in personal loans, such […]
Canadians Are Borrowing At The Highest Mortgage Rates In Over 5 Years
Canadian real estate buying power is taking a real hit. Bank of Canada (BoC) April numbers show, new borrowers paid the highest mortgage rates in years. Fast rising rates mean people are shaving off serious amounts of borrowing room. Here’s Why You Care About This The higher the interest rate, the less credit is extended […]
Canadian Real Estate Sales Drop Over 11%, BC Home To Biggest Declines
Higher interest rates and policy measures are killing real estate sales across Canada, but BC is seeing the biggest drops.
Canadian Real Estate Prices Make The Smallest Advance Since 2009
Real estate prices across Canada have grinded to halt. The Canadian Real Estate Association (CREA) aggregate of major markets show annual price growth has fallen close to flat in June. Nearly half of Canada’s major markets are now printing declines from last year. Canadian Real Estate Benchmark Price The price of a typical home across […]
