Canadian HELOC Debt Is Accelerating As Interest Rates Rise
Canadian HELOC debt is climbing at the fastest rate in nearly a decade, despite rising interest rates designed to cool borrowing.
Canadian Mortgage Debt Is Rising A Half-Billion Dollars Per Day On Average
Canadian mortgage borrowing might be slower but even slower is a breakneck speed as the overstimulated market tries to calm.
Canadian Real Estate Market Entered Bear Territory, Expect It To Get Worse: BMO
Canadian real estate entered a bear market as higher rates killed excess demand, and BMO sees things getting worse in the coming months.
Canada’s Inflation Revisions Show Something Is “Really Wrong”: National Bank
Canadian core inflation, the BoC’s preferred measure, was revised twice in two months, supporting rate hikes months before they began.
Most Canadian Real Estate Markets Fell From Peak, Down As Much As $355,000
Canadian real estate prices suffered another sharp drop in July, bringing markets as much as $355,000 lower than peak values.
US Enters A “Housing Recession” As Sales Fall Back To May 2020-Levels
The US real estate market just went from hot to a recession in a matter of weeks. The National Association of Realtors (NAR) reported existing-home sales fell for a sixth consecutive month in July. Buyers are now buying the fewest homes since the start of public health measures. NAR even went so far as to […]
Canada’s Mortgage Mayhem From Higher Rates? It Was Just $61
Canadian mortgage rates are on the rise but the average household’s payment is growing only slightly faster than they were with low rates.
Canada’s Real Estate Bubble Is So Big Households Need 64% of Income For A Mortgage
Most of Canada couldn’t buy a home even if they wanted to. National Bank of Canada (NBF) is once again sounding the alarm on housing affordability. A typical home required nearly two-thirds of a household’s income just to service the mortgage payments in Q2 2022. The quarter saw the fastest erosion of affordability in 40 […]
Canadian Mortgages To Experience Less Payment Shock Than Some Countries: Fitch
Fitch Ratings data shows Canada’s world-class mortgage debt won’t be as vulnerable to rate shock as countries like Australia and the UK.
Canadian Real Estate Is Proving To Be A Story of Excess Demand: BMO
Canadian real estate sales are fading quickly as interest rates rise, proving this was an issue of excess demand from too much stimulus.
