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.
Big declines in output from the Canadian real estate industry helped send Canada’s Gross Domestic Product (GDP) lower, according to Statistics Canada.
Canadians don’t just have a buttload of debt sitting on the sidelines, they’re paying a buttload for the privilege of borrowing it.
Juwai is teaming up with JD.com to sling Australian, US, and Canadian real estate to Mainland Chinese buyers in just a few days.
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.
Canadian real estate buyers helped to send outstanding debt levels to new highs, as outstanding mortgage credit resumed its growth.
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 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 […]
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 […]
The Toronto real estate scene appears to be grossly misinformed when it comes to rent controls. Since Ontario announced the Fair Housing Plan, real estate agents, developers, and even politicians have said the province is attacking landlords. You’ve probably heard someone on the news, or even a friend, discuss how the “unfair” the new Rental […]
