Higher interest rates and a stress? No match for Toronto condo buyers, apparently. Toronto Real Estate Board (TREB) numbers show condo prices hit a new all-time high in March. The price peak was hit, as sales dropped and inventory levels continued to rise. Toronto Condo Prices Rise Over 14% The benchmark price of a condo […]
Vancouver detached real estate prices are near all-time highs, despite producing the worst first quarter of sales in over 27 years.
Canadians have been addicted to debt for quite some time, especially when it comes to real estate. So why is the Government of Canada paying hundreds of thousands to discreetly distribute ghost-written articles on how to take out more debt? Ottawa-based Blacklock’s Reporter took a dive through government contracts for over half a million dollars, […]
Analysts from Teranet and the National Bank of Canada are noting unusual movements in the Canadian real estate market. Data shows the market has made two movements, not seen outside of a recession.
Almost half of Toronto condo investors are committing to negative cash flow, according to a CIBC Economics study. One of the city’s most prominent mortgage brokers pointed out, this is a disaster in the making. If you can’t make the deal work at an all-time low for interest rates, when can you make it work? […]
Canadian real estate experts assumed people would start getting mortgages at credit unions, to skip the stress test required at banks. Bank of Canada numbers show there really isn’t much more demand than usual.
Toronto real estate is seeing detached prices climb for a second consecutive month. Toronto Real Estate Board (TREB) numbers show prices inched higher in March. Even with the climb, prices are lower than last year, as declining sales and rising inventory continue to release pricing pressure. Greater Toronto Detached Prices Are Down Over 6% Toronto’s […]
CIBC Economics crunched the numbers on Greater Toronto condo investors, and found that nearly half collect less rent than the required mortgage payments. Most are still making money.
FCAC, a branch of the Government of Canada, thinks the banks have insufficient controls to monitor, identify, and mitigate risk in retail banking – with a special note on mobile mortgage specialists.
Impaired mortgage dollar volumes are spiking at Canadian banks. Don’t worry, this likely has to do with the improved transparency that became mandatory in January.
