One of Canada’s broad measure of money showed a mild improvement. Bank of Canada (BoC) numbers show the M1+, the most liquid form of cash, saw a mild uptick in growth for June. The increase is a positive, and could mean Canadians are taking the interest rate hike well. Though a single month uptick is far […]
Delinquencies on Toronto and Vancouver real estate have stalled, while they continue to decline in Montreal.
Greater Vancouver detached real estate printed its first negative annual negative price movement in almost 5 years.
Toronto detached real estate saw a surge of sales in July, but prices continued to drop and inventory increased.
Vancouver real estate just had the worst July for sales in nearly two decades, sending price growth tumbling down to 2015 levels.
Toronto real estate showed signs of improvement from last year, but that doesn’t exactly say much. Toronto Real Estate Board (TREB) numbers show sales improved in July, printing a huge jump. Last year’s numbers were hampered by policy changes, so it isn’t the great news it appears. Despite showing big gains, most numbers indicate it […]
Canadian real estate debt is at epic levels, but who are these people borrowing? The Canada Mortgage and Housing Corporation (CMHC) and Equifax provided us with a breakdown of debt, shedding a little light on homeownership at the end of 2017. Despite elevated home prices across Canada, there’s over a million Millennial homeowners. Even more […]
Household debt in Canada continued to see growth slow in June, according to new numbers from the Bank of Canada.
Canadians rapidly turned to larger mortgages last year, according to new data from the Canada Housing and Mortgage Coproration.
Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew close to half as much as last year. Even worse, the slow credit growth is on track to head even lower. Canadians are now in the worst mortgage market for growth in nearly two […]
