Canadian real estate prices are moving higher, but not all markets are equal. Statistics Canada (Stat Can) updated the Residential property price index (RPPI), showing prices increased in six major markets. Breaking those numbers down, the biggest lift to the index is condo apartment resales. Meanwhile, new condo construction is seeing prices fall. Residential Property […]
Canada is seeing a rise in highly indebted, and over-leveraged mortgage borrowers again. Office of the Superintendent of Financial Institutions (OSFI) data shows a rise in relatively large loans, when compared to borrower income, in Q4 2019. The increase has been rising over the past two years, and now represents the largest segment in the […]
Canadian seniors slowed their reverse mortgage borrowing, but the rate was still high. Office of the Superintendent of Financial Institutions (OSFI) data shows the balance of reverse mortgage debt hit a new high in November. Reverse mortgage debt has seen growth explode over the past few years. Recently, things have begun to show some signs […]
Canadian real estate buyers are still feeling exuberant about the market. The US Federal Reserve Bank of Dallas‘ (Dallas Fed) exuberance indicator shows expectations are still high in Q3 2019. The index measures explosive price growth, that’s detached from fundamentals. Expectations are much lower than they were in 2017, but are still above critical levels. […]
Greater Vancouver detached real estate buyers are jumping back into the market. Real Estate Board of Greater Vancouver (REBGV) data shows a big increase in sales for December. The increase in sales was accompanied by fewer homes for sale – but prices are still lower. Vancouver Detached Real Estate Prices Are Still Falling Greater Vancouver […]
Toronto detached real estate buyers were out in full force last month. Toronto Real Estate Board (TREB) data shows detached home sales made a big increase in December. The rise in sales combined with the lowest inventory in years, sent price growth back to 2017 levels. Toronto Detached Real Estate Prices Are Rising The price […]
Must be something in the water… or credit supply, since every Canadian market is becoming tight. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio increased across the country in December. The rising ratios made for an unusual month – not a single major real estate market across Canada is a […]
Canadian real estate sales and development soared, and so have mortgage credit needs. New data from Statistics Canada (Stat Can) shows non-bank credit intermediaries (NBCI) have seen explosive growth. Over the past decade, NBCI dealing with mortgages have more than tripled their assets. Mortgages: NBCIs, MFCs, and MICs Today we’re looking at NBCIs, something not […]
Canadian real estate prices have resumed their climb, alongside rising inflation. The Teranet – National Bank of Canada House Price Index (TNB HPI) climbed in December. The modest increase is due to weakness in just a few regions. Eastern Canada, including Ontario and Quebec, are seeing prices climb very quickly. Western Canadian real estate prices […]
Canadians are still borrowing a lot, just not for anything other than mortgages. Bank of Canada (BoC) data shows household debt held by institutions reached a new all-time high in November. All of the monthly increase was due to mortgages however, as consumer credit fell. Canadian Households Have Over $2.2 Trillion In Mortgage Debt Canadian […]
