Don’t tell your friends, but the bottom of the Canadian real estate market is disappearing – fast. Bank of Canada (BoC) numbers show the balance of insured mortgage debt is down in Q2 2018. The decline of insured debt isn’t just negative either. The drop in the balance of insured mortgage credit is the largest […]
A lot of senior Canadian real estate owners are still seeing their home equity die a slow death, but the rate of growth is tapering. Office of the Superintendent of Financial Institutions (OSFI) show reverse mortgage debt reached a new high in August. Despite reaching a new high, the pace of growth is still decelerating […]
Slowing Canadian real estate sales are cooling off mortgage growth very quickly. Bank of Canada (BoC) numbers show mortgage credit growth continued to decelerate in September. The annual pace of growth for outstanding mortgage credit is now at the slowest pace we’ve seen in 17 years, and on track to go lower. Canadians Owe Over […]
The most influential housing organization in the country seems to be bearish on real estate prices. Canada Mortgage and Housing Corporation (CMHC), the Crown agency in charge of housing research, released its fourth quarter Housing Market Assessment. The government backed agency is seeing prices cool, but still feels the country is overpriced at the national […]
If you’re looking for a new condo in Greater Vancouver, a whole lot of supply is kicking around. Numbers from MLA Canada, a Vancouver-based real estate advisory firm, show a huge number of projects are expected to hit the market this month. The increase of new pre-sale units for sales comes at the same time […]
Greater Toronto real estate may not be much more affordable, but it’s a lot easier to find a new home. Altus Group and BILD GTA data show a lot more new home inventory in September. The market is also seeing fewer new home sales, and lower prices for detached home… but higher condo prices. Greater […]
Canadians aren’t shying away from borrowing against their homes, even with higher interest rates. Office of the Superintendent of Financial Institutions (OSFI) filings reveal the balance of loans secured by real estate has reached a new high in August. Slowing home price growth and a higher cost of borrowing did little to slow down growth […]
Canadians held onto more cash, but a credit slowdown is still brewing. Bank of Canada (BoC) numbers show the M1+ saw mild acceleration in August. Don’t let the mild acceleration of broad money growth fool you, it’s actually still pretty bad. The pace of growth is almost half of where it was last year, and is […]
Last year’s booming real estate markets are this years fastest cooling ones. Canadian Real Estate Association (CREA) numbers show a major shift in SNLR in September. The indicator, used to determine a buyer’s or seller’s market, actually fell in all but two major markets. Sales To New Listings Ratio (SNLR) The sales to new listings […]
Canadian real estate prices aren’t doing so hot, according a branch of the US Fed. Federal Reserve Bank of Dallas (Dallas Fed) numbers show real estate prices across Canada have turned negative in Q2 2018. The negative numbers are the first for Canadian real estate prices, since the Great Recession. Real House Prices… As Opposed […]
