Top Stories

This Week’s Top Stories: Canadians Spend The Most To Maintain Mortgages Since 1993, and They’re Flocking To HELOCs

Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadian Real Estate Owners Are Paying The Most To Service Debt Since 1993 Rising interest rates and huge mortgages are eating up household income across Canada. Canadians had a debt service ratio (DSR) of 6.51% in Q2 2018, […]

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This Week’s Top Stories: The Toronto Real Estate Board Asks Agents To Stop Submitting Fake Sold Info, and Canadian Debt Reaches A Record High

Time for your weekly update on this week’s most important news. Canadian Real Estate Canadians Add An Average Of $187,000 Per Minute To The Household Debt Balance Canadians printed a new record for household debt, but the rate of growth is slowing down quickly. The balance of household debt reached $2.13 trillion in July, up […]

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This Week’s Top Stories: Toronto Real Estate Looks Like A Classic Bubble Chart, and Canadian Interest Rate Hikes Are Setting Up For An Economic Slowdown

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems The impact of rising interest rates is showing up in Canada’s measure of “cash.” The M1+, a measure of cash-like instruments, increased 3.9% on an annual basis in […]

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This Week’s Top Stories: New Condo Sales Plummet In Toronto, and Canada’s HELOC Problem Is Over 3x Worse Than The US

Time for your weekly cheat sheet for this week’s most important stories. Canadian Real Estate Canada’s HELOC Problem Is One Of The Biggest Risks For Real Estate Canada’s home equity line of credit problem has reached epic proportions. The balance of outstanding HELOC debt reached $286.81 billion in Q2 2018, up 1.83% from the quarter […]

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This Week’s Top Stories: New Canadian Real Estate Buyer’s Inflate Their Budgets, While Old Ones Withdraw Equity

Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadians Withdraw Another $2 Billion In Home Equity Over A Month Canadians are (still) looking to extract equity from their homes at a record pace. The balance of loans secured in June hit $286.81 billion, up $1.966 billion […]

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This Week’s Top Stories: Canadian Real Estate Sales Fall, While Second Mortgages Rise Across The Country

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 10 Mortgages Issued In Canada Are On An Already Mortgaged Home The Canada Housing and Mortgage Corporation (CMHC) found that multiple mortgages on the same home is on the rise. Analysts counted 145,013 new loans on already […]

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This Week’s Top Stories: Toronto and Vancouver Detached Sales Continue To Slow, While Mortgage Payments and HELOCs Soar

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Average Mortgage And HELOC Payment Is Soaring In Toronto And Vancouver Canadians are facing higher payments on mortgages and HELOCs, especially in Vancouver and Toronto. The average monthly mortgage payment in Vancouver reached $1,794 in Q1 2018, up 6.5% […]

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This Week’s Top Stories: Canadian Mortgage Growth Plummets As The Credit Cycle Breaks Down, and Toronto Real Estate Inches Lower

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001 Canadian mortgages growth is slowing, and fast. The balance of mortgage credit at large lenders reached $1.515 trillion, up $5.06 billion. That sounds huge, but it’s actually almost half of […]

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This Week’s Top Stories: Canadian Seniors Go On A HELOC Funded Renovation Binge, And Every Real Estate Market West of Ottawa Cools

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Every Major Canadian Real Estate Market West Of Ottawa Is Cooling Down The Canadian Real Estate Association (CREA) released date for their largest markets. The data point that jumps out is the shift in the sales to new listings ratio (SNLR). […]

Canada Top Stories

This Week’s Top Stories: Canadians Are Looking For More Foreign Money For Mortgages, and They’re Paying The Highest Rates In Over 5 Years

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital Covered bonds are an increasingly popular method banks use to fund mortgages. Virtually non-existent in Canada before the Great Recession, they now fund 9% of mortgages at […]