Canadian real estate prices turned negative, but not all markets are suffering. Canadian Real Estate Association (CREA) numbers show the national price index declined for a second month in a row. Prior to last month, price declines weren’t seen since September 2009, almost a decade ago. Despite the national drop, underperforming markets are beginning to […]
Greater Vancouver condo sales are extending losses into the normally busy spring. Real Estate Board of Greater Vancouver (REBGV) numbers show prices continued to drop in March. The price decline came with the fewest March sales since 2009, and double last year’s inventory. Greater Vancouver Condo Prices Drop The Most Since 2009 The price of […]
Toronto real estate sales are still slowing, but buyers are still bidding up prices. Toronto Real Estate Board (TREB) numbers show condo apartment prices reached an all-time high in March. The record high for prices came with a six year low for sales, and a three year high for inventory. Toronto Condo Prices Reach A […]
Canadian real estate sales continue to slide even lower. Canadian Real Estate Association (CREA) numbers show sales dropped once again in March. The decline in home sales across the country marks an unusually long period of negative growth. Canadian Real Estate Sales Fall To 6 Year Low Canadian real estate sales slipped once again. CREA […]
Canadian real estate price growth is still slowing, according to land registry data. The Teranet–National Bank House Price Index (TNB HPI) show prices fell for the first time in March, outside of recession. The drop represents the sixth consecutive monthly decline for Canadian real estate markets. Teranet-National Bank House Price Index (TNB HPI) Regular readers […]
Canadian households are accumulating debt faster than assets are appreciating. Statistics Canada (StatCan) data shows the debt-to-asset ratio increased very quickly in Q4 2018. The ratio is now growing at the fastest pace since the Great Recession, and is at the highest level since 2014. Debt To Asset Ratio The debt to asset ratio (DTA) […]
Canadian real estate prices are dropping, but they’re very far from their peers. US Federal Reserve Bank of Dallas (Dallas Fed) data shows real prices across the country are down in 2018 Q4. Even with the decline, prices are massively elevated compared to other G7 economies. About The Index Home prices in this index use […]
Greater Vancouver real estate is slowing, and the detached market is no exception. Real Estate Board of Greater Vancouver (REBGV) March numbers show prices are back to where they were almost 3 years ago. Rising inventory and a multi-year low for sales contribute to a declining outlook. Greater Vancouver Detached Real Estate Prices Falls Over […]
Toronto’s detached real estate market is showing signs of stabilizing – relatively speaking. Toronto Real Estate Board (TREB) numbers show prices are officially on the rise in March. Meanwhile, the 905 and city, head in opposite directions with sales and inventory. Detached Toronto Real Estate Prices Are Flat Detached prices in Greater Toronto moved a […]
Canadian borrowers seeking the most leverage are tapping out of the market. Bank of Canada (BoC) numbers show the balance of insured mortgage debt made a huge drop in January. Here’s everything we know about the remaining balance. What Are Insured Mortgages? An insured mortgage is one where the lender is protected against borrower default. […]
