Toronto Real Estate Prices Get First Annual Broad Market Decline Since 2009
Greater Toronto real estate saw more inventory, and less sales – sending prices to negative levels compared to a year ago. We haven’t seen that happen since 2009.
Canadians Seeking Early Intervention From Bankruptcy Spikes To A New January Record
Mild rate hikes in Canada, mean big consumer debt problems. Insolvency filings are on the rise, and consumer proposals just printed their biggest January for growth in over 5 years.
Canadian Real Estate Offices See Largest Decline In Output Since 2008
Big declines in output from the Canadian real estate industry helped send Canada’s Gross Domestic Product (GDP) lower, according to Statistics Canada.
Canadians Paid A Record $42 Billion In Interest To Service Their Mortgages In 2017
Canadians don’t just have a buttload of debt sitting on the sidelines, they’re paying a buttload for the privilege of borrowing it.
You Can Now Buy US & Canadian Real Estate With Your Milk and Eggs… In China
Juwai is teaming up with JD.com to sling Australian, US, and Canadian real estate to Mainland Chinese buyers in just a few days.
Greater Toronto Real Estate Sees Largest Drop In Demand Across Canada
Toronto real estate just slipped into a balanced market, a huge drop from being in deep seller’s territory just a few months ago. Here’s how it compares to the rest of Canada.
The Canadian Mortgage Machine Fires Up Again, As Debt Levels Resume Growth
Canadian real estate buyers helped to send outstanding debt levels to new highs, as outstanding mortgage credit resumed its growth.
Toronto and Vancouver See Cost of Living Rise Over 20% Faster Than The Rest of Canada
First housing, now everything else. Statistics Canada (StatsCan) numbers show the cost of living is rising faster than anticipated. The Consumer Price Index (CPI), a common measure of inflations, showed a huge jump over the past 12 months. This jump was spread across the country, but Toronto and Vancouver observed even higher than average increases. […]
The Lauderdale Paradox, And Artificial Scarcity In Canadian Real Estate
The value of Canadian real estate has been debated for some time. Those that benefit from ownership, often say “fundamental value” is sending prices higher. Further adding that the increase of home prices, results in an increase of wealth for the country. Housing activists say that real estate has become highly commoditized. They argue, escalating […]
Reverse Mortgage Debt On Canadian Real Estate Jumps Over 44%
Canadian real estate owners have received a windfall lately, but unfortunately it’s all trapped in their home. Office of the Superintendent of Financial Institutions (OSFI) numbers show that an increasing number of homeowners are “releasing equity” through a reverse mortgage. The relatively new form of debt is rapidly growing, at almost 8 times the pace […]
