The Toronto condo market is seeing prices climb even higher these days. Toronto Real Estate Board (TREB) data shows the price of a typical condo apartment reached an all-time high in August. The rise in prices is being attributed to falling inventory, and climbing sales. Toronto Condo Prices Rise 8% From Last Year The price […]
Canadian households are sending a lot more cash to lenders, but it’s not paying their debt down. Statistics Canada (StatCan) data shows household mortgage payments jumped in Q2 2019. Rising payments are seeing fewer dollars pay off debt, and more towards carrying it. Canadians Paid Over $93 Billion On Mortgages Canadian real estate owners paid […]
Canadian households are getting access to cheaper credit, after a brief rise in rates. Bank of Canada (BoC) data shows the interest rate households paying fell in September. Borrowing rates have been falling since hitting a multi-year high earlier this year. Currently they’re still higher than they were during peak real estate price growth. However, […]
Canadian real estate sales were busier than last year, but fell from peak 2019 growth. Canadian Real Estate Association (CREA) numbers show a large climb in sales for August. Falling mortgage rates, and anticipation of policy drive market growth were behind some of the country’s largest rises. Canadian Real Estate Sales Rise Over 5% Canadian […]
Canadian new home prices are dropping for the first time in nearly a decade. The Statistics Canada (StatCan) New Home Price Index (NHPI) shows prices dropping for a third consecutive month in July. The national decline in new home prices in 2019 is the first since the Great Recession. Canadian New Home Prices Fall For […]
Greater Vancouver’s detached real estate market is seeing improvements, just not in prices right now. Real Estate Board of Greater Vancouver (REBGV) data shows prices are still falling in August. The decline in prices came, even though sales made a double digit surge and inventory fell. Greater Vancouver Detached Real Estate Prices Fall Further Greater […]
Greater Toronto’s detached real estate market is seeing a few indicators improve. Toronto Real Estate Board (TREB) data shows detached sales made a double digit surge in August. The rise in sales was accompanied by higher prices, and less inventory than last year. Most of the action is now being driven by the 905, with […]
Canada’s most expensive new condo markets saw price gains cool in the most recent quarter. Statistics Canada (StatCan) data shows new condo apartment prices saw growth slow in Q2 2019. Both Toronto and Vancouver saw flat to negative price growth in the quarter. Ottawa and Victoria on the other hand, saw prices soar, with the […]
Canadian seniors are slowing down on the equity binge, but they’re still tapping quite a bit. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage debt reached a new high in June. Canadian reverse mortgage debt is decelerating in growth, but is still one of the fastest growing segments of debt. Reverse […]
Canadian real estate owners are back to borrowing against their home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of home equity lines of credit (HELOC) debt reached a new high in June. Growth is no longer near the peak seen a couple of years ago, but still much higher […]
