Canada’s real estate market got a big boost from overleveraged borrowers, according to its bank regulator. OSFI data shows the share of mortgage borrowers that are overleveraged remains high. Overleveraged borrowers, those with a loan to income ratio of 450% or higher, have begun to taper with higher rates, but still represented 1 in 3 […]
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Canadian mortgage payments were seeing double-digit growth before rate increases, as real estate prices surged.
Veteran mortgage broker Ron Butler drops some knowledge, and updates us with some on-the-ground market insights.
Canadian real estate developers are still pumping significant cash into building permits, but inflation is killing that growth.
Despite the gloomy outlook, Canada is still churning out hot employment data. Statistics Canada (Stat Can) data shows the economy added over 100,000 jobs in December. Along with higher participation, this helped drive the unemployment rate within spitting distance of the record. At least one Big Six bank sees another rate hike, with robust job […]
Toronto real estate was declared the world’s largest bubble by UBS just a few months ago, now prices are crashing.
Canada’s real estate bubble is popping, and another indicator is flashing a warning. Residential investment as a share of GDP fell again in Q3 2022, after peaking a year before. Such a large drop in housing investment has only ever preceded the popping of a real estate bubble. Central bank research also indicates real home […]
Canadian real estate is in the middle of a price correction, and single-family homes have been hit hardest. Canadian Real Estate Association (CREA) data shows single-family homes, which include detached and semi-detached units, saw prices fall sharply in November. Virtually every market is now off its all time high, with the worst performing down nearly […]
