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 […]
Toronto’s detached real estate market is performing better than last year, but that doesn’t say much. Toronto Real Estate Board (TREB) numbers show detached sales improved in October. The improvement isn’t as exciting when you realize sales are still below the 10 year trend. As for prices? They are basically retracing last year’s movements, give […]
Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, it more accurately resembles the early 1980s. Mortgage credit growth, when adjusted for inflation, is heading towards negative numbers. We haven’t actually experienced negative real growth […]
Try not to pull something laughing. Canadian real estate became slightly more affordable this year. The Bank of Canada (BoC) published their update to the Housing Affordability Index (HAI) for Q2 2018. The update shows the cost of ownership declined slightly from last year. Despite the good news, the cost of ownership is still at […]
Canada’s national housing agency sees a much smaller mortgage in your future. Canada Mortgage and Housing Corporation (CMHC) forecast numbers included projections for mortgage rates. The high projection for the rates almost add a fifth to the cost of servicing a mortgage. If rates hit these projections, buyers would lose up to 11% of their […]
Canada is being confronted with higher interest rates, and it’s really turning into a drag on growth. Bank of Canada (BoC) numbers show the M1+, a broad measure of money, is seeing significantly lower growth this year. The slowing growth is a sign of economic slowdown, often resulting in slowing sales of assets that require […]
Canadians are facing the most expensive credit in almost a decade. Bank of Canada (BoC) numbers show households are seeing the effective borrowing rate creep higher. The rate, which impacts how much consumers can borrow, is now at the highest levels since the Great Recession. Effective Borrowing Rate The effective borrowing rate is one way […]
Vancouver real estate continued its mild slump. Real Estate Board of Greater Vancouver (REBGV) numbers showed slowing demand in October. Home sales in the region hit a 6 year low, while inventory reached a 4 year high for the month. Greater Vancouver Real Estate Prices Are Up Just 1% The price of a typical home […]
Greater Toronto real estate buyers were a little more confident last month. Toronto Real Estate Board (TREB) numbers in October showed huge improvements from last year. Prices are still in a downtrend, but higher sales and improved price gains lend to the possibility of breaking that trend. Toronto Real Estate Prices Are Up Over 2% […]
Canadian households still pushed the debt levels higher, but are slowing down. Bank of Canada (BoC) numbers show household credit reached a new all-time in September. Despite the high, credit growth is falling to lows not seen in over 35 years. Canadian Households Hold Over $2.15 Trillion In Debt Canadian households racked up an all-time […]
