Canadian Real Estate Sales See Slowest April Since 2009, Toronto Leads Declines
Canadian real estate sales see the slowest April since 2009, with Toronto and Vancouver leading the declines.
Teranet: Canadian Real Estate Prices Make “Fourth Smallest” April Advance In 20 Years
Canadian real estate prices continue to see cooling growth, but still saw growth. The Teranet – National Bank House Price Index (Teranet HPI) shows prices climbed across the country in April. The monthly rise sounds great, but there were a few warning flags. The increase was one of the smallest for an April, and most […]
The Growth of Canada’s Money Supply Is Slowing, Here’s What It Means For Real Estate
Canada’s ever expanding supply of money is finally starting to take a breather. Bank of Canada (BoC) numbers show M1+, a narrow measure of country’s money supply, is slowing in growth. The taper is most likely a sign that higher interest rates are impacting households. The measure is a useful indicator for the sale of […]
See Ya! Local Millennials Are Abandoning Toronto and Vancouver
Local Millennials have had enough of Toronto and Vancouver, and are starting to leave. Statistics Canada’s latest intraprovincial migration numbers show the number of people leaving the cities for different parts of the province, is accelerating. The trend is showing huge growth in the crucial Millennial demographic. A demographic that will be entering their prime […]
Canadian Residential Real Estate Is Worth Over $4.8 Trillion, Doubling In 10 Years
Want to see how wacky Canada’s residential real estate markets have become? Check out the total value of all cities. Statistics Canada (StatsCan) just released the total value for all residential real estate in Canada… for 2015. Despite the “old” number, it’s still useful for making broad market observations. Especially when you realize the whole […]
A Third of Canada’s $1.2 Trillion In Mortgage Debt Is In Toronto and Vancouver
Canadian mortgage debt is soaring, but how much of it is in Toronto and Vancouver? Nearly a third, according to Equifax and the CMHC, and it costs locals a buttload to service.
Toronto Detached Real Estate Buyers Have Lost Over $114K Since Last Year
Last year, many Toronto real estate owners were watching their houses make more than them. This year? Not so much. Toronto Real Estate Board (TREB) numbers show detached home prices are down thousands of dollars in April. The detached price declines also appear to be accelerating, as sales continue to drop and inventory rises. The […]
Canadians Have $201 Billion In HELOC Debt, and Over 30% Is In Toronto and Vancouver
Canadian real estate prices have been soaring, but much of those gains are already spent. Nearly half of Canada’s HELOC debt is located in just three cities.
BoC: 8% of Canadian Households Owe More Than 20% of The $2.1 Trillion In Debt
Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave further insights on the numbers. The record debt levels are concentrated in a smaller segment […]
Toronto Real Estate Prices Made The Biggest Annual Decline Since 2009
Hot spring market? Nope. Toronto Real Estate Board (TREB) numbers show April was colder than usual, as demand continues to drop. Generally speaking, the market is seeing price moderation, lower sales, and rising inventory levels. Greater Toronto Real Estate Prices Dropped Over 5% The benchmark composite, the price of a typical home in Toronto, is […]
