Vancouver Detached Real Estate Sees Worst Q1 Sales In Over 27 Years… Prices Still Climb
Vancouver detached real estate prices are near all-time highs, despite producing the worst first quarter of sales in over 27 years.
The Canadian Government Used “Fake News” To Drive Real Estate Borrowing… Seriously
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, […]
Teranet: Canadian Real Estate Prices Stalled For The First Time Outside of A Recession
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.
Here’s How Much Toronto Real Estate Needs To Rise For Investors To Break Even
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? […]
Experts Predicted A Mortgage Boom At Canadian Credit Unions. That Isn’t Happening
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, But Still In Correction Territory
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: Over 44% of Toronto Condo Investors Don’t Get Enough Rent To Cover The Mortgage
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.
The Government of Canada Just Pointed Out The Mortgage Market Might Be A Cesspool
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 Mortgages Soar At Canadian Banks, As “Standardized” Reporting Hits
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.
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.
