Canada’s Riskiest Real Estate Buyers Are Disappearing After Mortgage Stress Tests
Stress testing Canadian real estate buyers is preventing highly indebted borrowers from getting in over their heads. That’s a good thing.
BoC: Private Lenders See Their Share of Canada’s Mortgage Market Double Since 2015
Canadian real estate sales have been increasingly been propped up by private mortgages, but just how large is this market?
IMF Warns That Canadian Real Estate Is A “Key Domestic Risk”
Canadian real estate prices are one of the biggest risks to the country, according to a big three letter organization. The International Monetary Fund (IMF), the global organization dedicated to sustainable growth, released a statement after an official “mission” to Canada. The organization cited real estate prices as a “key domestic risk.” Changing price expectations, […]
Global Real Estate Prices Are Synchronizing & Creating A Real Estate Supercycle… That’s Bad
Global economies are becoming more interconnected, and so are real estate markets. Researchers at the International Monetary Fund (IMF) measured prices in 44 cities, and 40 countries – both in advanced and emerging markets. What they found is that whole countries are seeing real estate prices in the closest synchronization since the Great Recession. Even […]
CMHC Finds Millions Worth of “Ineligible” Mortgages At A Canadian Bank
A routine audit is leading a Canadian bank to repurchase their “ineligible” mortgages. Montreal-based Laurentian Bank is agreeing to buy back over $125 million in mortgages. The agreement is the result of a routine audit from the Canada Mortgage & Housing Corporation (CMHC). This comes while the bank is trying to improve borrowing standards, after […]
US Federal Reserve Indicators Show Canadian Real Estate Buyers Still “Exuberant”
US Federal Reserve Bank indicators show Canadian real estate prices were still “overheating” in the fourth quarter of 2017, and buyer exuberance actually increased.
Canadians With Reverse Mortgages Can Lose Their Homes If They Miss A Tax Payment
Trying to extract some of that money you’ve made with Canadian real estate? If you’re taking out a reverse mortgage, you’re going to make sure you pay your property taxes on time, every time.
Canadian Residential Real Estate Investment Had The Biggest Q4 Ever
For better or worse, real estate is one of the most important drivers of the Canadian economy. Residential structure investment, the amount of capital deployed for building new housing, reached one of the highest ratios against Gross Domestic Product (GDP) ever. Great news for the housing industry, but a recession has always followed at this […]
The Canadian Government Used “Fake News” To Drive Real Estate Borrowing… Seriously
Canadians have been addicted to debt for quite some time, especially when it comes to real estate. So why is the Government of Canada paying hundreds of thousands to discreetly distribute ghost-written articles on how to take out more debt? Ottawa-based Blacklock’s Reporter took a dive through government contracts for over half a million dollars, […]
Here’s How Much Toronto Real Estate Needs To Rise For Investors To Break Even
Almost half of Toronto condo investors are committing to negative cash flow, according to a CIBC Economics study. One of the city’s most prominent mortgage brokers pointed out, this is a disaster in the making. If you can’t make the deal work at an all-time low for interest rates, when can you make it work? […]
