Canadian real estate prices skipped the Great Recession, but most places weren’t so lucky. Analysts from the Bank of International Settlements (BIS), the central bank for central banks, crunched the numbers for G20 real estate prices. The majority of advanced economies saw home prices rise in 2017. Despite the increase, home prices in half of […]
Real Estate Board of Greater Vancouver show prices across the region moved higher in May, despite falling sales and soaring inventory.
Toronto real estate prices are stalling, as higher listing inventory and falling sales takes its toll on the market.
Boomers can quit saying buying a home was harder in the 1990s now. Statistics Canada numbers show mortgage debt service ratios (DSR) at the end of Q1 2018 have reached levels we haven’t seen in over 26 years. Despite near record low interest rates, the size of loans have pushed unaffordability to similar levels. This […]
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 […]
Worried that Canadians didn’t get another interest rate hike yesterday? Don’t be. Bank of Canada (BoC) numbers show the M1+, a broad measure of “cash,” continues to see tapering growth. That might not mean a lot to most people, but it may be signalling that households are still feeling the impact of the previous interest […]
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 […]
Canadian real estate drove debt levels across the country to a new record high, but higher interest rates have kicked off a deceleration of growth.
Canada’s seemingly never ending supply of real estate buyers is finally starting to dry up, as mortgage growth falls to a 17 year low.
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Toronto Real Estate Leads The Country In Average Price Declines, Saint John Pops Higher Ontario is seeing the fastest declines in average sale prices, while Eastern Canada is moving higher. Toronto led the decline with an average sale price of $804,584 […]
