Canadian’s withdrawing home equity can’t stop, won’t stop. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by residential real estate hit a new record high in September. Despite fast rising interest rates, borrowing for HELOCs haven’t slowed down one bit. Loans Secured By Real Estate Loans secured by […]
Vancouver condo price growth is coming down. Real Estate Board of Greater Vancouver (REBGV) numbers show price growth continued deceleration in October. A huge drop in sales and a larger rise in inventory is relieving a lot of the pressure on prices to move higher. Greater Vancouver Condo Prices Are Up Over 5% Greater Vancouver […]
Toronto’s detached real estate prices are down a tenth from peak, but condos are still moving higher. Toronto Real Estate Board (TREB) numbers show condo sale prices reached a new all-time high in October. The high was the result of more sales and less inventory. Despite the tighter market, price gains continued to decelerate to […]
Canadian real estate prices are slowing in growth, but they made a wild run over the past few years. Canadian Real Estate Association (CREA) numbers show price growth made a huge deceleration into October. Price growth is now close to target inflation, but over the past 5 years they’ve increased by over 44%. Not just […]
Canadian real estate markets are still cooling around the country. Canadian Real Estate Association (CREA) numbers show only two markets saw SNLR improvements in October. The indicator, used as a gauge of demand, fell fastest in some of Canada’s largest real estate markets. Sales To New Listings Ratio The sales to new listings ratio (SNLR) […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown Canadian real estate sales are dropping, and taking credit growth with it. The growth of mortgage credit fell to 3.38% in September, compared to last year. The […]
Canadian real estate sales continue its slide lower. Canada Real Estate Association (CREA) numbers show sales fell across the country in October. The trend of higher sales in Ontario and East continued, with mixed results in the GTA. BC’s continued declines were the most significant drag on the numbers this month. Canadian Real Estate Sales […]
Canadian real estate prices just printed an unusual month. The Teranet – National Bank of Canada House Price Index (Teranet HPI) show all but one market experienced a decline in October. The monthly decline has only occurred a handful of times in the index history. Teranet HPI Regular readers can probably skip this part. The […]
Canadian real estate developers facing soft domestic demand are looking to China. Juwai.com, the largest overseas property portal in Mainland China, conducted a developer survey. Over a third of Canadian developers are looking to spend more to attract Mainland Chinese capital. Who Did They Survey? Juwai surveyed “dozens” of North American real estate developers, on […]
Thinking of selling detached Vancouver real estate? It might be a little rough right now. Real Estate Board of Greater Vancouver (REBGV) numbers show sales fell in October. The decline in sales helped to push inventory levels higher, and prices lower. Greater Vancouver Detached Real Estate Prices Fall Over 5% The price of a detached […]