The Average Mortgage and HELOC Payment Is Soaring In Toronto and Vancouver
Canada’s national housing agency crunched the numbers on the average debt payments, and they’re soaring in Toronto, Vancouver, and Montreal.
Canadians Held Onto More Cash In June, But It Looks Temporary
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 […]
Mortgage Delinquencies Are Flatlining In Toronto and Vancouver Shows CMHC Data
Delinquencies on Toronto and Vancouver real estate have stalled, while they continue to decline in Montreal.
The Vancouver Detached Real Estate Market Officially Plunges Into Negative Territory
Greater Vancouver detached real estate printed its first negative annual negative price movement in almost 5 years.
Toronto Detached Real Estate Is Down Over $100k From Peak
Toronto detached real estate saw a surge of sales in July, but prices continued to drop and inventory increased.
Vancouver Real Estate Sales Hit 18 Year Low, Prices See Slowest Growth Since 2015
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 Prices Slip Lower, But The Size of Losses Shrink
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 […]
CMHC: Canadians Over 55 Are Sitting On Over $277 Billion In Real Estate Debt
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 […]
It’s Not “Stress Testing” Canadian Real Estate Buyers, The Credit Cycle Is Breaking Down
Household debt in Canada continued to see growth slow in June, according to new numbers from the Bank of Canada.
Over 1 In 10 Canadians That Bought Real Estate In 2017, Borrowed Over $600,000
Canadians rapidly turned to larger mortgages last year, according to new data from the Canada Housing and Mortgage Coproration.
